G. & J. Cash & Carry Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01344104

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,268		5,176

			8,268		5,176
CURRENT ASSETS
Stocks	5	128,965		138,965
Debtors	6	23,809		19,113
Cash at bank and in hand		467,033		468,212

		619,807		626,290
Creditors: Amounts Falling Due Within One Year	7	(62,431 )		(41,569 )

NET CURRENT ASSETS (LIABILITIES)			557,376		584,721

TOTAL ASSETS LESS CURRENT LIABILITIES			565,644		589,897

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,571 )		-

NET ASSETS			564,073		589,897

CAPITAL AND RESERVES
Called up share capital			2,515		2,515
Capital redemption reserve			17,500		17,500
Profit and Loss Account			544,058		569,882

SHAREHOLDERS' FUNDS			564,073		589,897

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G. & J. Cash & Carry Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 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.

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

Mrs Z K Stock

Director

8 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

G. & J. Cash & Carry Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01344104 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2.2. Turnover

The turnover shown in the profit and loss account represents income derived from the sale of children's clothing, exclusive of Value Added Tax. Revenue is recogised at the point at which goods are paid for and transferred.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:

Plant and machinery	20% reducing balance
Fixtures and fittings	25% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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G. & J. Cash & Carry Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

2.9. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the

amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2023: 12)

4. Tangible Assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
As at 1 January 2024	12,396	49,744	62,140
Additions	-	5,795	5,795

As at 31 December 2024	12,396	55,539	67,935

Depreciation
As at 1 January 2024	11,623	45,341	56,964
Provided during the period	154	2,549	2,703

As at 31 December 2024	11,777	47,890	59,667

Net Book Value
As at 31 December 2024	619	7,649	8,268

As at 1 January 2024	773	4,403	5,176

5. Stocks

	2024	2023 as restated
	£	£
Stock	128,965	138,965

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G. & J. Cash & Carry Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023 as restated
	£	£
Due within one year
Trade debtors	-	14
Prepayments and accrued income	5,781	5,421
Other debtors	14,350	4,993
Corporation tax recoverable assets	3,678	3,076
Deferred tax current asset	-	5,609

	23,809	19,113

7. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Trade creditors	2,920	15,062
Other creditors	54,616	22,326
Taxation and social security	4,895	4,181

	62,431	41,569

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023 as restated
	£	£
Not later than one year	-	14,389

	-	14,389

9. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

10. Related Party Transactions

The following related party transactions were undertaken during the year:

A director and shareholder introduced £Nil (2023: £1,120) and withdrew £Nil (2023: £1,120). At the balance sheet date the amount payable to the director was £22 (2023: £22).

Dividends were paid to the shareholders in respect of their shareholdings totalling £60,000 (2023: £60,800).

The aggregate remuneration paid to key management personnel for the year was £61,048 (2023: £60,606).

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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