GAHANANDLONG LTD

GAHANANDLONG LTD

GAHANANDLONG LTD - Company Information

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GAHANANDLONG LTD

Company Registration Number:
NI043999 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 August 2021

Period of accounts

Start date: 01 September 2020

End date: 31 August 2021

GAHANANDLONG LTD

Contents of the Financial Statements

for the Period Ended 31 August 2021

Balance sheet
Notes

GAHANANDLONG LTD

Balance sheet

As at 31 August 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 9,861 11,262
Total fixed assets: 9,861 11,262
Current assets
Debtors:   412,315 181,709
Cash at bank and in hand: 118,729 144,989
Total current assets: 531,044 326,698
Creditors: amounts falling due within one year:   (285,721) (179,875)
Net current assets (liabilities): 245,323 146,823
Total assets less current liabilities: 255,184 158,085
Creditors: amounts falling due after more than one year:   (44,119) (786)
Provision for liabilities: (1,905) (1,905)
Total net assets (liabilities): 209,160 155,394
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 209,158 155,392
Shareholders funds: 209,160 155,394

The notes form part of these financial statements

GAHANANDLONG LTD

Balance sheet statements

For the year ending 31 August 2021 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 23 May 2022
and signed on behalf of the board by:

Name: Mr C Long
Status: Director

The notes form part of these financial statements

GAHANANDLONG LTD

Notes to the Financial Statements

for the Period Ended 31 August 2021

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Plant & Machinery - 25% straight lineMotor Vehicles - 25% straight lineEquipment - 25% straight line

GAHANANDLONG LTD

Notes to the Financial Statements

for the Period Ended 31 August 2021

2. Employees

2021 2020
Average number of employees during the period 21 19

GAHANANDLONG LTD

Notes to the Financial Statements

for the Period Ended 31 August 2021

3. Tangible Assets

Total
Cost £
At 01 September 2020 63,577
Additions 1,898
At 31 August 2021 65,475
Depreciation
At 01 September 2020 52,315
Charge for year 3,299
At 31 August 2021 55,614
Net book value
At 31 August 2021 9,861
At 31 August 2020 11,262