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Registered Number: 12166590
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 30 September 2024

for

GC ABRASIVES LIMITED

  2024   2023
    £ £   £ £
Fixed assets   24,812      27,190 
Current assets 42,437      46,986   
Prepayments and accrued income 1,048      1,654   
Creditors: amount falling due within one year (33,369)     (33,103)  
Net current assets   10,116      15,537 
Total assets less current liabilities   34,928      42,727 
Creditors: amount falling due after more than one year   (40,547)     (40,032)
Net assets   (5,619)     2,695 
 

         
Capital and reserves   (5,619)     2,695 
 
NOTES TO THE ACCOUNTS

General Information
GC Abrasives Limited is a private company, limited by shares, registered in England and Wales, registration number 12166590, registration address 43 Pierremont Crescent, Darlington, DL3 9PA.

The presentation currency is £ sterling.
1.

Financial Commitments, Guarantees and Contingencies

The company had operating lease commitments totalling £11,657 (2023 - £14,250) at the balance sheet date.


2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).

3.

Director’s loan

Directors' transactions

Included in current assets is a loan made to the directors of £8,611 (2023 - £Nil). Advances in the year amounted to £27,340 and repayments amounted to £11,779. Interest in the year amounted to £Nil. The loan is unsecured and payable on demand.

For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.


The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 June 2025 and were signed on its behalf by:


--------------------------------
Mrs G F Charlton
Director
--------------------------------
Mr S A Charlton
Director
1