G R S GADGETS LIMITED

G R S GADGETS LIMITED

G R S GADGETS LIMITED - Company Information

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G R S GADGETS LIMITED

Company Registration Number:
SC368090 (Scotland)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

G R S GADGETS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

G R S GADGETS LIMITED

Balance sheet

As at 30 November 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 41,686 49,891
Total fixed assets: 41,686 49,891
Current assets
Stocks: 2,691,818 3,031,630
Debtors:   902,536 526,585
Cash at bank and in hand: 753,219 345,276
Total current assets: 4,347,573 3,903,491
Creditors: amounts falling due within one year: 4 (1,972,988) (1,686,164)
Net current assets (liabilities): 2,374,585 2,217,327
Total assets less current liabilities: 2,416,271 2,267,218
Creditors: amounts falling due after more than one year: 5 (1,873,846) (1,873,846)
Total net assets (liabilities): 542,425 393,372
Capital and reserves
Called up share capital: 35,000 35,000
Profit and loss account: 507,425 358,372
Shareholders funds: 542,425 393,372

The notes form part of these financial statements

G R S GADGETS LIMITED

Balance sheet statements

For the year ending 30 November 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 22 February 2024
and signed on behalf of the board by:

Name: Nadeem Siddique
Status: Director

The notes form part of these financial statements

G R S GADGETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 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

G R S GADGETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 40 40

G R S GADGETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 187,515
At 30 November 2023 187,515
Depreciation
At 01 December 2022 137,624
Charge for year 8,205
At 30 November 2023 145,829
Net book value
At 30 November 2023 41,686
At 30 November 2022 49,891

G R S GADGETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2023 2022 Bank loans and overdrafts 156,961 138,008 Trade creditors 1,196,699 1,174,437 Taxation and social security costs 437,706 324,145 Other creditors 181,622 49,574 Total 1,972,988 1,686,164

G R S GADGETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due after more than one year note

2023 2022Other Creditors 1,873,846 1,873,846