REGISTERED NUMBER: 05927577 (England and Wales)

Financial statements for the year ended 31 December 2024

For

GG Distribution Chain Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Golubickas

REGISTERED OFFICE:

5 Bernal Close

London

SE28 8NN

REGISTERED NUMBER:

05927577 (England and Wales)

ACCOUNTANTS:

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

Fixed assets

Tangible assets

4

134,701

73,321

Current assets

Stocks

88,500

53,400

Debtors

5

22,929

22,132

Cash at bank

650

1,104

112,079

76,636

Creditors

Amounts falling due within one year

6

97,287

93,280

Net current assets/(liabilities)

14,792

(16,644

)

Total assets less current liabilities

149,493

56,677

Creditors

Amounts falling due after more than one year

7

149,307

48,592

Net assets

186

8,085

Capital and reserves

Called up share capital

8

100

100

Retained earnings

86

7,985

Shareholders' funds

186

8,085

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 director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

Mr G Golubickas - Director

1.	STATUTORY INFORMATION

GG Distribution Chain 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

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

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

STOCKS

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

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

3,796

174,116

3,970

181,882

Additions

-

104,058

1,481

105,539

Disposals

-

(39,379

)

-

(39,379

)

At 31 December 2024

3,796

238,795

5,451

248,042

DEPRECIATION

At 1 January 2024

3,524

101,235

3,802

108,561

Charge for year

68

28,123

412

28,603

Eliminated on disposal

-

(23,823

)

-

(23,823

)

At 31 December 2024

3,592

105,535

4,214

113,341

NET BOOK VALUE

At 31 December 2024

204

133,260

1,237

134,701

At 31 December 2023

272

72,881

168

73,321

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

15,429

22,132

Other debtors

7,500

-

22,929

22,132

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

39,268

41,449

Hire purchase contracts

19,645

3,539

Net Wages

15,830

15,100

Trade creditors

1,420

629

Taxation and social security

16,274

24,713

Other creditors

4,850

7,850

97,287

93,280

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

99,380

25,833

Hire purchase contracts

38,145

-

Other creditors

11,782

22,759

149,307

48,592

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Golubickas.