G.G. Logistix Ltd - Accounts to registrar (filleted) - small 23.2.5

G.G. Logistix Ltd - Accounts to registrar (filleted) - small 23.2.5

G.G. LOGISTIX LTD - Company Information

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IRIS Accounts Production v23.2.0.158 11806426 Board of Directors 28.2.22 27.2.23 27.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure118064262022-02-27118064262023-02-27118064262022-02-282023-02-27118064262021-02-27118064262021-02-282022-02-27118064262022-02-2711806426ns16:EnglandWales2022-02-282023-02-2711806426ns15:PoundSterling2022-02-282023-02-2711806426ns11:Director12022-02-282023-02-2711806426ns11:PrivateLimitedCompanyLtd2022-02-282023-02-2711806426ns11:SmallEntities2022-02-282023-02-2711806426ns11:AuditExempt-NoAccountantsReport2022-02-282023-02-2711806426ns11:SmallCompaniesRegimeForDirectorsReport2022-02-282023-02-2711806426ns11:SmallCompaniesRegimeForAccounts2022-02-282023-02-2711806426ns11:FullAccounts2022-02-282023-02-2711806426ns11:Director22022-02-282023-02-2711806426ns11:RegisteredOffice2022-02-282023-02-2711806426ns6:CurrentFinancialInstruments2023-02-2711806426ns6:CurrentFinancialInstruments2022-02-2711806426ns6:Non-currentFinancialInstruments2023-02-2711806426ns6:Non-currentFinancialInstruments2022-02-2711806426ns6:ShareCapital2023-02-2711806426ns6:ShareCapital2022-02-2711806426ns6:RetainedEarningsAccumulatedLosses2023-02-2711806426ns6:RetainedEarningsAccumulatedLosses2022-02-2711806426ns6:PlantMachinery2022-02-2711806426ns6:PlantMachinery2022-02-282023-02-2711806426ns6:PlantMachinery2023-02-2711806426ns6:PlantMachinery2022-02-2711806426ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2711806426ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-27
REGISTERED NUMBER: 11806426 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2023

FOR

G.G. LOGISTIX LTD
G.G. LOGISTIX LTD (REGISTERED NUMBER: 11806426)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 27 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.G. LOGISTIX LTD

COMPANY INFORMATION
for the Year Ended 27 February 2023







DIRECTORS: Ms M R O Akinola
Mr N Obeng-Ameyaw





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 11806426 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF
Page 1
G.G. LOGISTIX LTD (REGISTERED NUMBER: 11806426)

BALANCE SHEET
27 February 2023

27.2.23 27.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,132 1,834

CURRENT ASSETS
Debtors 5 84,794 157,857
Investments 6 183,295 142,700
Cash at bank 157,714 220,343
425,803 520,900
CREDITORS
Amounts falling due within one year 7 214,564 356,719
NET CURRENT ASSETS 211,239 164,181
TOTAL ASSETS LESS CURRENT LIABILITIES 221,371 166,015

CREDITORS
Amounts falling due after more than one
year
8
34,722
34,923
NET ASSETS 186,649 131,092

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,549 130,992
186,649 131,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2023 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 notes form part of these financial statements

Page 2 continued...
G.G. LOGISTIX LTD (REGISTERED NUMBER: 11806426)

BALANCE SHEET - continued
27 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2023 and were signed on its behalf by:





Mr N Obeng-Ameyaw - Director


The notes form part of these financial statements

Page 3
G.G. LOGISTIX LTD (REGISTERED NUMBER: 11806426)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 27 February 2023


1. STATUTORY INFORMATION

G.G. Logistix Ltd 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 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 (2022 - 2 ) .

Page 4 continued...
G.G. LOGISTIX LTD (REGISTERED NUMBER: 11806426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 27 February 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2022 3,089
Additions 10,831
At 27 February 2023 13,920
DEPRECIATION
At 28 February 2022 1,255
Charge for year 2,533
At 27 February 2023 3,788
NET BOOK VALUE
At 27 February 2023 10,132
At 27 February 2022 1,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 27.2.22
£    £   
Trade debtors - 98,257
Other debtors 84,794 59,600
84,794 157,857

6. CURRENT ASSET INVESTMENTS
27.2.23 27.2.22
£    £   
Investment 183,295 142,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 27.2.22
£    £   
Bank loans and overdrafts 5,556 10,000
Trade creditors 22,730 53,424
Taxation and social security 16,021 73,572
Other creditors 170,257 219,723
214,564 356,719

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
27.2.23 27.2.22
£    £   
Bank loans 34,722 34,923

Page 5