REGISTERED NUMBER: 12433944 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

GHXcelerate Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Current assets

Debtors

5

114,917

139,726

Cash at bank

114,306

233,576

229,223

373,302

Creditors

Amounts falling due within one year

6

32,737

47,376

Net current assets

196,486

325,926

Total assets less current liabilities

196,486

325,926

Capital and reserves

Called up share capital

200

200

Retained earnings

196,286

325,726

196,486

325,926

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

M Mc Donald - Director

1.	Statutory information

GHXcelerate Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12433944

Registered office:

Pound House

62a Highgate High Street

London

N6 5HX

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.

Computer equipment

-

25% on cost

Taxation

Taxation for the year 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.

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.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2024

and 31 December 2024

4,898

Depreciation

At 1 January 2024

and 31 December 2024

4,898

Net book value

At 31 December 2024

-

At 31 December 2023

-

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

3,718

3,718

Other debtors

2,476

4,633

Directors' current accounts

108,723

131,375

114,917

139,726

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Corporation Tax

7,830

23,606

VAT

2,882

1,470

Accruals and deferred income

22,025

22,300

32,737

47,376

7.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

G J Heffernan and M Mc Donald

Balance outstanding at start of year

131,375

292,185

Amounts advanced

108,723

131,375

Amounts repaid

(131,375

)

(292,185

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

108,723

131,375

Interest of £2,476 (2023: £4,663) has been charged on these advances.

8.	Ultimate controlling party

The ultimate controlling party is the two directors together.