Company Registration No. 14873056 (England and Wales)
G-G’S CORNER LTD
Unaudited accounts
for the year ended 31 May 2025
G-G’S CORNER LTD
Unaudited accounts
Contents
G-G’S CORNER LTD
Company Information
for the year ended 31 May 2025
Company Number
14873056 (England and Wales)
Registered Office
203 West Street, Fareham
Hampshire, England
England
Hampshire
PO16 0EN
United Kingdom
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
G-G’S CORNER LTD
Statement of financial position
as at 31 May 2025
Intangible assets
3,200
3,600
Tangible assets
6,108
9,435
Cash at bank and in hand
42,294
3,708
Creditors: amounts falling due within one year
(89,436)
(40,815)
Net current liabilities
(47,142)
(37,107)
Net liabilities
(37,834)
(24,072)
Called up share capital
100
100
Profit and loss account
(37,934)
(24,172)
Shareholders' funds
(37,834)
(24,072)
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 July 2025 and were signed on its behalf by
Justin Green
Director
Company Registration No. 14873056
G-G’S CORNER LTD
Notes to the Accounts
for the year ended 31 May 2025
G-G’S CORNER LTD is a private company, limited by shares, registered in England and Wales, registration number 14873056. The registered office is 203 West Street, Fareham, Hampshire, England, England, Hampshire, PO16 0EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Intangible fixed assets
Goodwill
G-G’S CORNER LTD
Notes to the Accounts
for the year ended 31 May 2025
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2024
12,038
358
12,396
Disposals
(2,006)
-
(2,006)
At 31 May 2025
10,032
1,005
11,037
At 1 June 2024
2,946
15
2,961
Charge for the year
1,756
212
1,968
At 31 May 2025
4,702
227
4,929
At 31 May 2025
5,330
778
6,108
At 31 May 2024
9,092
343
9,435
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
20,561
-
Taxes and social security
(1,290)
540
Other creditors
2,752
8,111
Loans from directors
42,986
31,788
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(31,788)
(41,435)
(30,237)
(42,986)
(31,788)
(41,435)
(30,237)
(42,986)
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Average number of employees
During the year the average number of employees was 0 (2024: 0).