Company Registration No. 05607551 (England and Wales)
Gnomen Limited
Unaudited accounts
for the year ended 31 October 2021
Gnomen Limited
Unaudited accounts
Contents
Gnomen Limited
Company Information
for the year ended 31 October 2021
Directors
Mr Hassan Nurettin Hassan
Mr Montana Hassan
Secretary
Mr Hassan Nurettin Hassan
Company Number
05607551 (England and Wales)
Registered Office
2nd Floor, Unit 2 Greenwich Quay
Clarence Road
London
SE8 3EY
Accountants
Sigma Chartered Accountants
J O Hunter House
409 Bradford Road
Huddersfield
West Yorkshire
HD2 2RB
Gnomen Limited
Statement of financial position
as at 31 October 2021
Tangible assets
12,633
12,457
Cash at bank and in hand
26,983
11,455
Creditors: amounts falling due within one year
(175,009)
(177,574)
Net current assets
21,081
40,060
Total assets less current liabilities
33,714
52,517
Creditors: amounts falling due after more than one year
(48,333)
(50,000)
Provisions for liabilities
Deferred tax
(1,501)
(2,367)
Net (liabilities)/assets
(16,120)
150
Called up share capital
150
150
Profit and loss account
(16,270)
-
Shareholders' funds
(16,120)
150
For the year ending 31 October 2021 the company was entitled to exemption from audit 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2022 and were signed on its behalf by
Mr Hassan Nurettin Hassan
Director
Company Registration No. 05607551
Gnomen Limited
Notes to the Accounts
for the year ended 31 October 2021
Gnomen Limited is a private company, limited by shares, registered in England and Wales, registration number 05607551. The registered office is 2nd Floor, Unit 2 Greenwich Quay, Clarence Road, London, SE8 3EY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Gnomen Limited
Notes to the Accounts
for the year ended 31 October 2021
4
Tangible fixed assets
Total
At 1 November 2020
109,411
At 31 October 2021
116,011
At 31 October 2021
103,378
5
Average number of employees
During the year the average number of employees was 10 (2020: 10).
