Georgia E-commerce LTD

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

Registered number: 14219117

		31 May 2026		31 July 2025
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	-		5,617
Debtors	5	-		4,277
Cash at bank and in hand		2		725

		2		10,619
Creditors: Amounts Falling Due Within One Year	6	(33,961 )		(33,152 )

NET CURRENT ASSETS (LIABILITIES)			(33,959 )		(22,533 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(33,959 )		(22,533 )

NET LIABILITIES			(33,959 )		(22,533 )

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			(33,960 )		(22,534 )

SHAREHOLDERS' FUNDS			(33,959)		(22,533)

For the period ending 31 May 2026 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 her 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

Ms Georgia Florina RIGHERIU

Director

15/10/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Georgia E-commerce LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14219117 . The registered office is 6 South Avenue, Farnham, Surrey, GU9 0QY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention, in accordance with Financial Reporting Standard 102 section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Going Concern:
The company ceased trading on 31st of May 2026 and the director intends to apply for voluntary striking-off pursuant to Section 1003 of the Companies Act 2006. Consequently, the financial statements have been prepared on a basis other than that of a going concern. Adjustments have been made to write down assets to their recoverable amounts, to reclassify non-current assets and long-term liabilities as current, and to provide for any further liabilities arising from the decision to close the business.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL (2025: NIL)

4. Stocks

	31 May 2026	31 July 2025
	£	£
Stock	-	5,617

5. Debtors

	31 May 2026	31 July 2025
	£	£
Due within one year
Other debtors	-	4,277

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Georgia E-commerce LTD

Notes to the Financial Statements (continued)

For the Period 1 August 2025 to 31 May 2026

6. Creditors: Amounts Falling Due Within One Year

	31 May 2026	31 July 2025
	£	£
Trade creditors	214	-
Bank loans and overdrafts	5,950	5,940
Other loans	10,015	15,395
Other creditors	16,820	11,264
Taxation and social security	962	553

	33,961	33,152

7. Share Capital

	31 May 2026	31 July 2025
	£	£
Allotted, Called up and fully paid	1	1

8. Post Balance Sheet Events

The company ceased trading on 31 May 2026 and holds £nil assets to settle outstanding liabilities. Subsequent to the balance sheet date, the third-party financial liabilities—comprising the loan balances—have been included within the director's personal Individual Voluntary Arrangement (IVA) proposal, subject to creditor approval at the variation meeting scheduled for November 2026, under the director's personal guarantee obligations. Furthermore, trade creditors and tax liabilities were settled by the director out of personal funds, and the director subsequently executed an unconditional waiver of the Director's Loan Account balance. As a result, the company carries £nil remaining assets and liabilities prior to its application for voluntary dissolution.

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