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Registered number: 12281651
GGG Kemptown Limited
Financial Statements
For The Year Ended 31 October 2024
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12281651
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,425 8,142
Tangible Assets 5 34,251 39,206
37,676 47,348
CURRENT ASSETS
Debtors 6 9,750 12,612
9,750 12,612
Creditors: Amounts Falling Due Within One Year 7 (45,487 ) (38,462 )
NET CURRENT ASSETS (LIABILITIES) (35,737 ) (25,850 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,939 21,498
Creditors: Amounts Falling Due After More Than One Year 8 (39,974 ) (44,114 )
NET LIABILITIES (38,035 ) (22,616 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (38,036 ) (22,617 )
SHAREHOLDERS' FUNDS (38,035) (22,616)
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A S Little
Director
13th June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GGG Kemptown Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12281651 . The registered office is Unit 13e, 92 Burton Road, Sheffield, South Yorkshire, England, S3 8BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Straight Line
Plant & Machinery 14% Straight Line
Fixtures & Fittings 20% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 November 2023 17,111
Additions 1,387
As at 31 October 2024 18,498
Amortisation
As at 1 November 2023 8,969
Provided during the period 6,104
As at 31 October 2024 15,073
Net Book Value
As at 31 October 2024 3,425
As at 1 November 2023 8,142
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 19,590 41,245 9,988 70,823
Additions - 4,507 - 4,507
As at 31 October 2024 19,590 45,752 9,988 75,330
Depreciation
As at 1 November 2023 3,817 21,114 6,686 31,617
Provided during the period 1,959 5,505 1,998 9,462
As at 31 October 2024 5,776 26,619 8,684 41,079
Net Book Value
As at 31 October 2024 13,814 19,133 1,304 34,251
As at 1 November 2023 15,773 20,131 3,302 39,206
6. Debtors
2024 2023
£ £
Due within one year
Other debtors (348 ) 4,777
Other taxes and social security 384 569
Director's loan account 9,714 7,266
9,750 12,612
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,221 863
Bank loans and overdrafts 7,766 6,054
Other creditors 33,500 31,545
45,487 38,462
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,974 44,114
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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10. Related Party Transactions
Included within debtors are loans to related parties amounting to £9,715 and creditors of £34,342. These loans are unsecured, interest free and repayable on demand.
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