GSH RETAIL LTD - Accounts

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Registered Number: 05661695
England and Wales
Unaudited Financial Statements
for the year ended 31 March 2021
for
GSH RETAIL LTD

GSH RETAIL LTD
Contents Page
For the year ended 31 March 2021

Company information	1
Director's report	2
Accountants' report	3
Statement of financial position	4
Notes to the financial statements	5

GSH RETAIL LTD
Company Information
For the year ended 31 March 2021

Director	Samuel James Bullivant
Registered Number	05661695
Registered Office	UNIT 5, 230 WOODBOURN ROAD SHEFFIELD S9 3LQ
Accountants	Holdsworth Accountants Ltd Omega Court 350 Cemetery Road Sheffield S11 8FT

GSH RETAIL LTD
Director's Report
For the year ended 31 March 2021

The directors present their annual report and the financial statements for the year ended 31 March 2021

Principal activities

Principal activity of the company during the financial year was that of the sale of flowers, plants, seeds and/or fertilisers.

Director
The director who served the company throughout the year was as follows:

Samuel James Bullivant

Statement of director's responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.

----------------------------------
Samuel James Bullivant
Director

Date approved: 23 December 2021

GSH RETAIL LTD Accountants' Report For the year ended 31 March 2021
Report to the directors on the preparation of the unaudited statutory accounts of GSH RETAIL LTD for the year ended 31 March 2021 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GSH RETAIL LTD for the year ended 31 March 2021 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ This report is made solely to the Board of Directors of GSH RETAIL LTD, as a body, in accordance with the terms of our engagement letter dated 23 December 2021 Our work has been undertaken solely to prepare for your approval the accounts of GSH RETAIL LTD and state those matters that we have agreed to state to the Board of Directors of GSH RETAIL LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GSH RETAIL LTD and its Board of Directors as a body for our work or for this report. It is your duty to ensure that GSH RETAIL LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GSH RETAIL LTD. You consider that GSH RETAIL LTD is exempt from the statutory audit requirement for the year We have not been instructed to carry out an audit or a review of the accounts of GSH RETAIL LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 March 2021 .................................................... Holdsworth Accountants Ltd Omega Court 350 Cemetery Road Sheffield S11 8FT 23 December 2021 3

GSH RETAIL LTD
Accountants' Report
For the year ended 31 March 2021

Report to the directors on the preparation of the unaudited statutory accounts of GSH RETAIL LTD for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GSH RETAIL LTD for the year ended 31 March 2021 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of GSH RETAIL LTD, as a body, in accordance with the terms of our engagement letter dated 23 December 2021 Our work has been undertaken solely to prepare for your approval the accounts of GSH RETAIL LTD and state those matters that we have agreed to state to the Board of Directors of GSH RETAIL LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GSH RETAIL LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GSH RETAIL LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GSH RETAIL LTD. You consider that GSH RETAIL LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of GSH RETAIL LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 March 2021

....................................................
Holdsworth Accountants Ltd
Omega Court
350 Cemetery Road
Sheffield
S11 8FT
23 December 2021

GSH RETAIL LTD
Statement of Financial Position
As at 31 March 2021

	Notes	2021 £	2020 £
Fixed assets
Tangible fixed assets	3	191,336	82,541
		191,336	82,541
Current assets
Stocks	4	713,338	648,500
Debtors	5	43,108	9,832
Cash at bank and in hand		308,862	86,166
		1,065,308	744,498
Creditors: amount falling due within one year	6	(438,474)	(413,647)
Net current assets		626,834	330,851

Total assets less current liabilities		818,170	413,392
Creditors: amount falling due after more than one year	7	(87,986)	(2,903)
Net assets		730,184	410,489

Capital and reserves
Called up share capital	8	1,000	1,000
Profit and loss account		729,184	409,489
Shareholder's funds		730,184	410,489

For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 23 December 2021 and were signed by:

--------------------------------
Samuel James Bullivant
Director

GSH RETAIL LTD
Notes to the Financial Statements
For the year ended 31 March 2021

General Information

GSH RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 05661695, registration address UNIT 5, 230 WOODBOURN ROAD, SHEFFIELD, S9 3LQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	20% Reducing Balance
Equipment	20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 30 (2020 : 24).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Equipment	Total
	£	£	£	£	£
At 01 April 2020	-	103,096	28,665	38,673	170,434
Additions	38,095	81,149	27,047	10,338	156,629
Disposals	-	-	-	-	-
At 31 March 2021	38,095	184,245	55,712	49,011	327,063
Depreciation
At 01 April 2020	-	54,996	14,607	18,290	87,893
Charge for year	7,619	25,850	8,221	6,144	47,834
On disposals	-	-	-	-	-
At 31 March 2021	7,619	80,846	22,828	24,434	135,727
Net book values
Closing balance as at 31 March 2021	30,476	103,399	32,884	24,577	191,336
Opening balance as at 01 April 2020	-	48,100	14,058	20,383	82,541

Stocks

	2021 £		2020 £
Stocks	713,338		648,500
	713,338		648,500

Debtors: amounts falling due within one year

	2021 £	2020 £
Trade Debtors	31,786	-
Other Debtors	11,322	9,832
	43,108	9,832

Creditors: amount falling due within one year

	2021 £	2020 £
Trade Creditors	163,846	195,274
Bank Loans & Overdrafts (Secured)	13,333	-
Corporation Tax	138,677	110,649
PAYE & Social Security	9,353	8,746
Accrued Expenses	1,950	1,800
Obligations under HP/Financial Leases	1,583	1,583
Directors' Current Accounts	66,885	70,110
VAT	42,847	25,485
	438,474	413,647

Creditors: amount falling due after more than one year

	2021 £	2020 £
Bank Loans & Overdrafts (secured)	86,667	-
Obligations Under HP/Financial Leases	1,319	2,903
	87,986	2,903

Share Capital

Allotted, called up and fully paid	2021 £		2020 £
1,000 Class A shares of £1.00 each	1,000		1,000
	1,000		1,000