GNDUK Ltd
Registered number: 13152152
Unaudited Financial Statements
For the Period
22 January 2021
to
31 January 2022
Ecommerce Accountants LLP
GNDUK Ltd
Unaudited Financial Statements
For the Period
22 January 2021
to
31 January 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
GNDUK Ltd
Balance Sheet
As at
31 January 2022
Balance Sheet
Registered number:
13152152
For the period ending 31 January 2022 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 31 January 2022 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||
| Deferred Taxation |
( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 6 |
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| SHAREHOLDERS' FUNDS | 3 | ||
GNDUK Ltd
Balance Sheet (continued)
As at
31 January 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
GNDUK Ltd
Notes to the Financial Statements
For the Period
22 January 2021
to
31 January 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
|
1.4.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.5.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
1.6.
Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3
GNDUK Ltd
Notes to the Financial Statements (continued)
For the Period
22 January 2021
to
31 January 2022
3.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| Additions |
|
| As at
|
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| Depreciation | |
| As at
|
|
| Provided during the period |
|
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
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4.
Debtors
| 31 January 2022 | |
|---|---|
| £ | |
| Due within one year | |
| Other debtors | 2,833 |
|
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5.
Creditors: Amounts Falling Due Within One Year
| 31 January 2022 | |
|---|---|
| £ | |
| Other creditors | 897 |
| Taxation and social security | 42,277 |
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|
GNDUK Ltd
Notes to the Financial Statements (continued)
For the Period
22 January 2021
to
31 January 2022
7.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
|
Amounts advanced | Amounts repaid | Amounts written off | As at
|
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr George Cann |
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|
- |
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| Mr Niall Sankey |
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- |
|
| Mr Dilhan Akarca |
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|
- |
|
The above loan is unsecured, interest free and was repaid within nine months of the reporting period.
8.
General Information
GNDUK Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
13152152
. The registered office is International House, 12 Constance Street, London, E16 2DQ.
The presentation currency of the financial statements is the Pound Sterling (£).