REGISTERED NUMBER: 11678261 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

G & G Retail Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Sidhraj Bhimaji Odedra

Mrs Kusumben Sidhraj Odedra

REGISTERED OFFICE:

Bridge House

9-13 Holbrook Lane

Coventry

United Kingdom

CV6 4AD

REGISTERED NUMBER:

11678261 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

74,565

74,565

Property, plant and equipment

5

170,579

152,390

245,144

226,955

CURRENT ASSETS

Inventories

34,637

38,357

Debtors

6

11,602

7,636

Cash at bank and in hand

36,983

28,902

83,222

74,895

CREDITORS

Amounts falling due within one year

7

59,538

67,687

NET CURRENT ASSETS

23,684

7,208

TOTAL ASSETS LESS CURRENT LIABILITIES

268,828

234,163

CREDITORS

Amounts falling due after more than one year

8

168,149

173,582

NET ASSETS

100,679

60,581

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

100,479

60,381

SHAREHOLDERS' FUNDS

100,679

60,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 12 September 2025 and were signed on its behalf by:

Mr Sidhraj Bhimaji Odedra - Director

1.	STATUTORY INFORMATION

G & G Retail Ltd 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

74,565

NET BOOK VALUE

At 31 December 2024

74,565

At 31 December 2023

74,565

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

100,000

118,965

218,965

Additions

-

35,834

35,834

At 31 December 2024

100,000

154,799

254,799

DEPRECIATION

At 1 January 2024

-

66,575

66,575

Charge for year

-

17,645

17,645

At 31 December 2024

-

84,220

84,220

NET BOOK VALUE

At 31 December 2024

100,000

70,579

170,579

At 31 December 2023

100,000

52,390

152,390

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

10,389

4,606

Other debtors

1,213

3,030

11,602

7,636

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

14,837

39,376

Taxation and social security

36,848

22,171

Other creditors

7,853

6,140

59,538

67,687

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

122,917

149,688

Hire purchase contracts

45,232

23,894

168,149

173,582

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

200

Share capital 1

£1

200

200