Accounts Submission

GREAT BRITISH COLLECTIONS LTD - Company Information

Company Accounts and Tax Online 08541059 Board of Directors 1.6.22 31.5.23 31.5.23 No description of principal activity false iso4217:GBP xbrli:pure 08541059 2021-06-01 2022-05-31 08541059 2023-05-31 08541059 2022-06-01 2023-05-31 08541059 2022-05-31 08541059 countries:EnglandWales 2022-06-01 2023-05-31 08541059 curr:PoundSterling 2022-06-01 2023-05-31 08541059 uk-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08541059 uk-bus:FRS102 2022-06-01 2023-05-31 08541059 uk-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08541059 uk-bus:FullAccounts 2022-06-01 2023-05-31 08541059 uk-bus:RegisteredOffice 2022-06-01 2023-05-31 08541059 uk-bus:Director1 2022-06-01 2023-05-31 08541059 uk-bus:Director1 2022-06-01 08541059 uk-bus:Director1 2023-05-31 08541059 core:AfterOneYear 2023-05-31 08541059 core:AfterOneYear 2022-05-31 08541059 core:WithinOneYear 2023-05-31 08541059 core:WithinOneYear 2022-05-31 08541059 core:WithinOneYear 2022-06-01 2023-05-31 08541059 core:AfterOneYear 2023-05-31 08541059 core:AfterOneYear 2022-05-31 08541059 core:AfterOneYear 2022-06-01 2023-05-31 08541059 core:ShareCapital 2023-05-31 08541059 core:ShareCapital 2022-05-31 08541059 core:RevaluationReserve 2023-05-31 08541059 core:RevaluationReserve 2022-05-31 08541059 core:RetainedEarningsAccumulatedLosses 2023-05-31 08541059 core:RetainedEarningsAccumulatedLosses 2022-05-31 08541059 1 2022-06-01 2023-05-31 08541059 core:LandBuildings 2022-06-01 2023-05-31 08541059 core:LandBuildings 2023-05-31 08541059 core:LandBuildings 2021-06-01 2022-05-31 08541059 core:LandBuildings 2022-05-31 08541059 core:PlantMachinery 2022-06-01 2023-05-31 08541059 core:PlantMachinery 2023-05-31 08541059 core:PlantMachinery 2021-06-01 2022-05-31 08541059 core:PlantMachinery 2022-05-31 08541059 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 08541059 core:FurnitureFittingsToolsEquipment 2023-05-31 08541059 core:FurnitureFittingsToolsEquipment 2021-06-01 2022-05-31 08541059 core:FurnitureFittingsToolsEquipment 2022-05-31 08541059 core:OfficeEquipment 2022-06-01 2023-05-31 08541059 core:OfficeEquipment 2023-05-31 08541059 core:OfficeEquipment 2021-06-01 2022-05-31 08541059 core:OfficeEquipment 2022-05-31 08541059 core:Vehicles 2022-06-01 2023-05-31 08541059 core:Vehicles 2023-05-31 08541059 core:Vehicles 2021-06-01 2022-05-31 08541059 core:Vehicles 2022-05-31 08541059 core:NetGoodwill 2022-06-01 2023-05-31 08541059 core:NetGoodwill 2023-05-31 08541059 core:NetGoodwill 2021-06-01 2022-05-31 08541059 core:NetGoodwill 2022-05-31 08541059 core:IntangibleAssetsOtherThanGoodwill 2022-06-01 2023-05-31 08541059 core:IntangibleAssetsOtherThanGoodwill 2023-05-31 08541059 core:IntangibleAssetsOtherThanGoodwill 2021-06-01 2022-05-31 08541059 core:IntangibleAssetsOtherThanGoodwill 2022-05-31

Company Registration Number:
08541059 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

Contents of the Financial Statements

for the Period Ended 31 May 2023


Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

Profit and Loss Account

for the Period Ended 31 May 2023

	2023 £	2022 £
Turnover	1,882,914	759,525
Cost of sales	( 1,127,321 )	( 351,544 )
Gross Profit or (Loss)	755,593	407,981
Administrative Expenses	( 745,152 )	( 401,337 )
Operating Profit or (Loss)	10,441	6,644
Profit or (Loss) Before Tax	10,441	6,644
Profit or (Loss) for Period	10,441	6,644

The notes form part of these financial statements

Balance sheet

As at 31 May 2023

	Notes	2023 £	2022 £
Fixed assets
Tangible assets:	4	407,500	407,500
Total fixed assets:		407,500	407,500
Current assets
Stocks:		55,817	86,691
Cash at bank and in hand:		110,531	18,855
Total current assets:		166,348	105,546
Creditors: amounts falling due within one year:	5	( 162,407 )	( 105,402 )
Net current assets (liabilities):		3,941	144
Total assets less current liabilities:		411,441	407,644
Creditors: amounts falling due after more than one year:	6	( 400,000 )	( 400,000 )
Total net assets (liabilities):		11,441	7,644

The notes form part of these financial statements

Balance sheet continued

As at 31 May 2023

	2023 £	2022 £
Capital and reserves
Called up share capital:	1,000	1,000
Profit and loss account:	10,441	6,644
Shareholders funds:	11,441	7,644

For the year ending 31 May 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.

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

This report was approved by the board of directors on 1 January 2024
And Signed On Behalf Of The Board By:

Name: M ASIF
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

Basis of measurement and preparation

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

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

	2023	2022
Average number of employees during the period	9	9

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible assets

	Land & buildings	Total
Cost	£	£
At 01 June 2022	407,500	407,500
Additions	-	-
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 May 2023	407,500	407,500
Depreciation
At 01 June 2022	-	-
Charge for year	-	-
On disposals	-	-
Other adjustments	-	-
At 31 May 2023	-	-
Net book value
At 31 May 2023	407,500	407,500
At 31 May 2022	407,500	407,500

Notes to the Financial Statements

for the Period Ended 31 May 2023

5.Creditors: amounts falling due within one year note

	2023 £	2022 £
Taxation and social security	4,872	3,073
Other creditors	157,535	102,329
Total	162,407	105,402

Notes to the Financial Statements

for the Period Ended 31 May 2023

6.Creditors: amounts falling due after more than one year

	2023 £	2022 £
Other creditors	400,000	400,000
Total	400,000	400,000



Registered office:		155 Praed Street London England W2 1RL


Company Registration Number:		08541059 (England and Wales)

Accounts Submission