REGISTERED NUMBER: 10186116 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

FOR

GNG AUTO REPAIRS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Artimadis

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

10186116 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

11,466

14,324

CURRENT ASSETS

Stocks

-

4,667

Debtors

1,075

126,706

Cash at bank and in hand

2,523

8,755

3,598

140,128

CREDITORS

Amounts falling due within one year

63,310

114,150

NET CURRENT (LIABILITIES)/ASSETS

(59,712

)

25,978

TOTAL ASSETS LESS CURRENT LIABILITIES

(48,246

)

40,302

CREDITORS

Amounts falling due after more than one year

5,853

19,383

NET (LIABILITIES)/ASSETS

(54,099

)

20,919

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(54,199

)

20,819

SHAREHOLDERS' FUNDS

(54,099

)

20,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the period ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2025 and were signed by:

Mr G Artimadis - Director

1.	STATUTORY INFORMATION

GNG Auto Repairs Limited 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

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

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

15% 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2023

and 30 November 2024

17,067

DEPRECIATION

At 1 June 2023

2,743

Charge for period

2,858

At 30 November 2024

5,601

NET BOOK VALUE

At 30 November 2024

11,466

At 31 May 2023

14,324

5.

LOANS

An analysis of the maturity of loans is given below:

30.11.24

31.5.23

£

£

Amounts falling due within one year or on demand:

Bank loans

9,020

9,020

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,853

9,020

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

10,363

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.24

31.5.23

value:

£

£

100

Ordinary shares

£1

100

100