G1 REEDS LIMITED

G1 REEDS LIMITED

G1 REEDS LIMITED - Company Information

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G1 REEDS LIMITED

Company Registration Number:
SC491324 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

G1 REEDS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

G1 REEDS LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 1,965 3,165
Tangible assets: 4 15,385 20,799
Total fixed assets: 17,350 23,964
Current assets
Stocks: 21,490 43,291
Debtors:   124,918 105,400
Cash at bank and in hand: 681,359 448,139
Total current assets: 827,767 596,830
Creditors: amounts falling due within one year:   (46,482) (39,057)
Net current assets (liabilities): 781,285 557,773
Total assets less current liabilities: 798,635 581,737
Provision for liabilities: (2,923) (3,952)
Total net assets (liabilities): 795,712 577,785
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 795,612 577,685
Shareholders funds: 795,712 577,785

The notes form part of these financial statements

G1 REEDS LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 December 2023
and signed on behalf of the board by:

Name: Pamela Elliott
Status: Director

The notes form part of these financial statements

G1 REEDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

G1 REEDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 6 6

G1 REEDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 12,000
At 31 March 2023 12,000
Amortisation
At 01 April 2022 8,835
Charge for year 1,200
At 31 March 2023 10,035
Net book value
At 31 March 2023 1,965
At 31 March 2022 3,165

G1 REEDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 79,652
At 31 March 2023 79,652
Depreciation
At 01 April 2022 58,853
Charge for year 5,414
At 31 March 2023 64,267
Net book value
At 31 March 2023 15,385
At 31 March 2022 20,799