G & G Fixings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04975403

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		6,560		7,872
Tangible Assets	5		9,805		13,074

			16,365		20,946
CURRENT ASSETS
Stocks	6	4,500		23,600
Debtors	7	65,101		77,547
Cash at bank and in hand		192		6,641

		69,793		107,788
Creditors: Amounts Falling Due Within One Year	8	(56,661 )		(60,945 )

NET CURRENT ASSETS (LIABILITIES)			13,132		46,843

TOTAL ASSETS LESS CURRENT LIABILITIES			29,497		67,789

Creditors: Amounts Falling Due After More Than One Year	9		(1,624 )		(11,624 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(1,961 )		(4,024 )

NET ASSETS			25,912		52,141

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			25,812		52,041

SHAREHOLDERS' FUNDS			25,912		52,141

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G & G Fixings Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr G Dale

Director

27/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

G & G Fixings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04975403 . The registered office is 4 Green Lane Business Park, 238 Green Lane, New Eltham, London, SE9 3TL.

2. Accounting Policies

2.1. Basis of Preparation of 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.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax

and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised

evenly over its estimated useful life of twenty five years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any 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 & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance

2.5. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

2.6. Stocks and Work in Progress

Stock and work in progress is valued at the lower of cost and net realisable value after taking due allowance for

obsolete and slow moving stocks. Costs include all direct costs and an appropriate proportion of fixed and

variable overheads

2.7. 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.

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G & G Fixings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	32,800

As at 31 March 2025	32,800

Amortisation
As at 1 April 2024	24,928
Provided during the period	1,312

As at 31 March 2025	26,240

Net Book Value
As at 31 March 2025	6,560

As at 1 April 2024	7,872

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2024	62,654

As at 31 March 2025	62,654

Depreciation
As at 1 April 2024	49,580
Provided during the period	3,269

As at 31 March 2025	52,849

Net Book Value
As at 31 March 2025	9,805

As at 1 April 2024	13,074

6. Stocks

	2025	2024
	£	£
Stock	4,500	23,600

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G & G Fixings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	54,813	42,918
Other debtors	10,288	34,629

	65,101	77,547

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,353	11,636
Bank loans and overdrafts	22,314	10,000
Other creditors	13,822	10,177
Taxation and social security	19,172	29,132

	56,661	60,945

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,624	11,624

10. Deferred Taxation

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.

	2025	2024
	£	£
Other timing differences	1,961	4,024

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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G & G Fixings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Pension Commitments

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.

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