Registered number
10573982
GREATWALL BRACKNELL LIMITED
Filleted Accounts
For the year ended
31 January 2025
KHMM
Chartered Management Accountants
7-8 Wing Yip Business Centre
395 Edgware Road
London
NW2 6LN
Tel: 0208 208 2085
GREATWALL BRACKNELL LIMITED
Registered number: 10573982
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 7,989 8,348
Current assets
Stocks 5,770 6,475
Debtors 4 11,876 12,493
Cash at bank and in hand 516,987 489,101
534,633 508,069
Creditors: amounts falling due within one year 5 (117,541) (118,310)
Net current assets 417,092 389,759
Net assets 425,081 398,107
Capital and reserves
Called up share capital 100 100
Profit and loss account 424,981 398,007
Shareholders' funds 425,081 398,107
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR YOON SEONG LEE
Director
Approved by the board on 4 June 2025
GREATWALL BRACKNELL LIMITED
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents net retail sales excluding Value Added Tax.
Revenue from take away sales is recognised on completion of the transaction with the customer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% per annum on cost
Computer equipment 33.33% per annum on cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
the stock to its present location and condition.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate in
accordance with Work Place Pension regulations.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 14 14
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 21,838
Additions 2,355
At 31 January 2025 24,193
Depreciation
At 1 February 2024 13,490
Charge for the year 2,714
At 31 January 2025 16,204
Net book value
At 31 January 2025 7,989
At 31 January 2024 8,348
4 Debtors 2025 2024
£ £
Other debtors 11,876 12,493
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 4,755 18,420
Taxation and social security costs 75,304 70,288
Other creditors 37,482 29,602
117,541 118,310
6 Other information
GREATWALL BRACKNELL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
8 Wing Yip Business Centre
395 Edgware Road
London
NW2 6LN
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