GESPA (UK) LIMITED

Company Registration Number:
03760775 (England and Wales)

Unaudited statutory accounts for the year ended 30 December 2024

Period of accounts

Start date: 1 January 2024

End date: 30 December 2024

GESPA (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 30 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GESPA (UK) LIMITED

Directors' report period ended 30 December 2024

The directors present their report with the financial statements of the company for the period ended 30 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 30 December 2024

M Frem
General Supplying Agencies Gespa (Overseas) Limited


Secretary R Afram

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 March 2025

And signed on behalf of the board by:
Name: R Afram
Status: Secretary

GESPA (UK) LIMITED

Profit And Loss Account

for the Period Ended 30 December 2024

2024 2023


£

£
Turnover: 0 123,454
Cost of sales: 0 0
Gross profit(or loss): 0 123,454
Distribution costs: 0 0
Administrative expenses: ( 3,580 ) ( 121,615 )
Other operating income: 0 0
Operating profit(or loss): (3,580) 1,839
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (3,580) 1,839
Tax: 0 0
Profit(or loss) for the financial year: (3,580) 1,839

GESPA (UK) LIMITED

Balance sheet

As at 30 December 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 2 2
Total fixed assets: 2 2
Current assets
Stocks:   0 0
Debtors: 4 137,768 177,085
Cash at bank and in hand: 55,002 23,960
Investments:   0 0
Total current assets: 192,770 201,045
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 62,040 ) ( 66,735 )
Net current assets (liabilities): 130,730 134,310
Total assets less current liabilities: 130,732 134,312
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 130,732 134,312
Capital and reserves
Called up share capital: 30,000 30,000
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 100,732 104,312
Total Shareholders' funds: 130,732 134,312

The notes form part of these financial statements

GESPA (UK) LIMITED

Balance sheet statements

For the year ending 30 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 March 2025
and signed on behalf of the board by:

Name: M Frem
Status: Director

The notes form part of these financial statements

GESPA (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before the revenue is recognised; Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: The amount of revenue can be measured reliably; It is probable that the Company will receive the consideration due under the contract; The stage of completion of the contract at the end of the reporting period can be measured reliably; and The costs incurred and the costs to complete the contract can be measured reliably.

    Valuation information and policy

    Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

    Other accounting policies

    2 Going concern After making enquires, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements. The Company is considered to be well positioned given the current environment with no impact on the going concern basis of the financial statements. Pensions Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. Debtors Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Creditors Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Financial instruments The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account. Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously Foreign Currency Translation Functional and presentation currency The company’s functional and presentation currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated at the exchange rate at the date of the transaction. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rate of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss within “Administrative expenses”. Judgments in applying accounting policies and key sources of estimation uncertainty Estimates and judgments are continually evaluated and are based on historic experience and other factors, including expectations of future events that are believe to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year.

GESPA (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

GESPA (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2024

3. Fixed assets investments note

Investments in subsidiary companies Cost or valuation At 1 January 2024 £2 At 31 December 2024 £2

GESPA (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2024

4. Debtors

2024 2023
£ £
Trade debtors 137,768 177,085
Prepayments and accrued income 0 0
Other debtors 0 0
Total 137,768 177,085
Debtors due after more than one year: 0 0

GESPA (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 4,695
Accruals and deferred income 1,500 1,500
Other creditors 60,540 60,540
Total 62,040 66,735