G. & N. International Limited - Filleted accounts

Registered number

02204033

G. & N. International Limited

Filleted Accounts

31 January 2025

G. & N. International Limited
Registered number:		02204033
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		13,632			17,041

Current assets
Stocks		1,000			831
Debtors	4	51,722			38,848
Cash at bank and in hand		2,842			12,007
		55,564			51,686

Creditors: amounts falling due within one year	5	(55,133)			(40,313)

Net current assets			431			11,373

Total assets less current liabilities			14,063			28,414

Creditors: amounts falling due after more than one year	6		(9,280)			(21,039)



Net assets			4,783			7,375

Capital and reserves
Called up share capital			200			200
Profit and loss account			4,583			7,175

Shareholders' funds			4,783			7,375

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P M Nineham
Director
Approved by the board on 23 October 2025

G. & N. International Limited
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					17		14


3	Tangible fixed assets
		Office and other Equipment		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2024	36,347		55,762		20,194		112,303
	At 31 January 2025	36,347		55,762		20,194		112,303

	Depreciation
	At 1 February 2024	31,025		44,043		20,194		95,262
	At 31 January 2025	32,090		46,387		20,194		98,671

	Net book value
	At 31 January 2025	4,257		9,375		-		13,632
	At 31 January 2024	5,322		11,719		-		17,041


4	Debtors					2025		2024
£							£

	Trade debtors					47,634		38,002
	Other debtors					4,088		846
						51,722		38,848


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					5,324		5,324
	Trade creditors					16,678		1,053
	Taxation and social security costs					33,131		20,500
	Other creditors					-		13,436
						55,133		40,313


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					2,510		7,569
	Director's Current account					6,770		13,470
						9,280		21,039


7	Other information

	G. & N. International Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit D1 Cirrus Court
	Aviation Business Park
	Christchurch
	Dorset
	BH23 6BW