IRIS Accounts Production v25.1.3.33 05241777 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052417772023-09-30052417772024-09-30052417772023-10-012024-09-30052417772022-09-30052417772022-10-012023-09-30052417772023-09-3005241777ns15:EnglandWales2023-10-012024-09-3005241777ns14:PoundSterling2023-10-012024-09-3005241777ns10:Director12023-10-012024-09-3005241777ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3005241777ns10:SmallEntities2023-10-012024-09-3005241777ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3005241777ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3005241777ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005241777ns10:FullAccounts2023-10-012024-09-300524177712023-10-012024-09-3005241777ns10:Director22023-10-012024-09-3005241777ns10:RegisteredOffice2023-10-012024-09-3005241777ns5:CurrentFinancialInstruments2023-09-3005241777ns5:CurrentFinancialInstruments2024-09-3005241777ns5:Non-currentFinancialInstruments2023-09-3005241777ns5:Non-currentFinancialInstruments2024-09-3005241777ns5:ShareCapital2023-09-3005241777ns5:ShareCapital2024-09-3005241777ns5:RetainedEarningsAccumulatedLosses2023-09-3005241777ns5:RetainedEarningsAccumulatedLosses2024-09-3005241777ns5:NetGoodwill2023-10-012024-09-3005241777ns5:NetGoodwill2023-09-3005241777ns5:NetGoodwill2024-09-3005241777ns5:NetGoodwill2023-09-3005241777ns5:PlantMachinery2023-09-3005241777ns5:MotorVehicles2023-09-3005241777ns5:ComputerEquipment2023-09-3005241777ns5:PlantMachinery2023-10-012024-09-3005241777ns5:MotorVehicles2023-10-012024-09-3005241777ns5:ComputerEquipment2023-10-012024-09-3005241777ns5:PlantMachinery2024-09-3005241777ns5:MotorVehicles2024-09-3005241777ns5:ComputerEquipment2024-09-3005241777ns5:PlantMachinery2023-09-3005241777ns5:MotorVehicles2023-09-3005241777ns5:ComputerEquipment2023-09-3005241777ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3005241777ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 05241777 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

G A IMPORTS LIMITED

G A IMPORTS LIMITED (REGISTERED NUMBER: 05241777)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G A IMPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: G A Atherton
Mrs D M Atherton





REGISTERED OFFICE: Unit 6, First Avenue
Bluebridge Industrial Estate
Halstead
Essex
CO9 2EX





REGISTERED NUMBER: 05241777 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

G A IMPORTS LIMITED (REGISTERED NUMBER: 05241777)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.23 30.9.24
£    £    Notes £   
FIXED ASSETS
- Intangible assets 4 -
9,030 Tangible assets 5 2,740
9,030 2,740

CURRENT ASSETS
683,891 Stocks 543,362
323,135 Debtors 6 491,305
208,702 Cash at bank 61,117
1,215,728 1,095,784
CREDITORS
873,424 Amounts falling due within one year 7 773,946
342,304 NET CURRENT ASSETS 321,838
351,334 TOTAL ASSETS LESS CURRENT
LIABILITIES

324,578

CREDITORS
40,000 Amounts falling due after more than one
year

8

16,500
311,334 NET ASSETS 308,078

CAPITAL AND RESERVES
2 Called up share capital 2
311,332 Retained earnings 308,076
311,334 308,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

G A IMPORTS LIMITED (REGISTERED NUMBER: 05241777)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





G A Atherton - Director


G A IMPORTS LIMITED (REGISTERED NUMBER: 05241777)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

G A Imports Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing work in progress and trade debtor balances.

Goodwill
Goodwill has been amortised in full.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

G A IMPORTS LIMITED (REGISTERED NUMBER: 05241777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 15,000
AMORTISATION
At 1 October 2023
and 30 September 2024 15,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Totals machinery vehicles equipment
£    £    £    £   
COST
At 1 October 2023 55,354 38,448 13,700 3,206
Disposals (3,150 ) (3,150 ) - -
At 30 September 2024 52,204 35,298 13,700 3,206
DEPRECIATION
At 1 October 2023 46,324 34,898 8,220 3,206
Charge for year 4,400 1,660 2,740 -
Eliminated on disposal (1,260 ) (1,260 ) - -
At 30 September 2024 49,464 35,298 10,960 3,206
NET BOOK VALUE
At 30 September 2024 2,740 - 2,740 -
At 30 September 2023 9,030 3,550 5,480 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 407,440 314,019
Other debtors 83,865 9,116
491,305 323,135

G A IMPORTS LIMITED (REGISTERED NUMBER: 05241777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 318,034 459,503
Trade creditors 197,003 200,321
Taxation and social security 215,339 143,798
Other creditors 43,570 69,802
773,946 873,424

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 16,500 40,000

9. SECURED DEBTS

HSBC Bank PLC and HSBC Invoice Finance (UK) Limited hold fixed and floating charges over the undertaking and all assets of the company.