Registered Number:07188498 |
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
GULTEK LIMITED
Statement of Financial Position
2021
2022
Property, plant and equipment |
56,246
73,494
2
56,246
73,494
285,000
185,000
3
Trade and other receivables |
124,227
123,810
4
12,493
Cash and cash equivalents |
110,489
419,299
421,720
Trade and other payables: amounts falling due within one |
year |
(19,776)
(33,344)
5
401,944
385,955
Net current assets
Total assets less current liabilities |
442,201
475,438
Trade and other payables: amounts falling due after more |
than one year |
(11,000)
-
6
442,201
Net assets
464,438
100
100
442,101
464,338
442,201
464,438
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Rajesh Gulrajani Director |
These financial statements were approved and authorised for issue by the Board on 30 March 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2022
GULTEK LIMITED
Notes to the Financial Statements
Statutory Information
GULTEK LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 07188498. |
Unit 13, Trafalgar Business Centre
77-89 River Road
Barking
Essex
IG11 0JU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2022
GULTEK LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
228,526
34,049
37,033
66,252
45,242
45,950
2,580
-
2,580
-
-
-
45,950
66,252
39,613
34,049
231,106
45,242
Provision for depreciation and impairment |
155,032
16,315
25,556
44,143
37,112
31,906
Charge for year
19,828
3,546
2,108
5,527
1,625
7,022
174,860
19,861
27,664
49,670
38,737
38,928
7,022
6,505
16,582
11,949
14,188
56,246
14,044
8,130
22,109
11,477
17,734
73,494
2021
2022
185,000
285,000
4. Trade and other receivables |
2021
2022
45,261
78,261
Amounts owed by directors |
36,754
21,300
41,795
24,666
124,227
123,810
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For the year ended 31 March 2022
GULTEK LIMITED
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2021
2022
14,526
13,467
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
9,693
4,155
Taxation and social security |
7,640
1,192
Accruals and deferred income |
1,485
962
33,344
19,776
6. Trade and other payables: amounts falling due after more than one year |
2021
2022
-
11,000
7. Related party transactions |
The company is controlled by the Director Rajesh Gulrajani who has control overr 100% of the voting rights of the |
company. |
8. Average number of persons employed |
During the year the average number of employees was 7 (2021 : 5)
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