Gun Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08475796 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Gun Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P M Stott

SECRETARY:

REGISTERED OFFICE:

22 Paddock Gardens

Alveston

Bristol

BS35 3LF

REGISTERED NUMBER:

08475796 (England and Wales)

ACCOUNTANTS:

Dury & Company

51 Peaslands Road

Sidmouth

Devon

EX10 9BE

FIXED ASSETS

Tangible assets

4

718

744

CURRENT ASSETS

Debtors

5

9,120

8,400

Cash at bank

52,576

42,231

61,696

50,631

CREDITORS

Amounts falling due within one year

6

62,226

51,264

NET CURRENT LIABILITIES

(530

)

(633

)

TOTAL ASSETS LESS CURRENT LIABILITIES

188

111

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

88

11

SHAREHOLDERS' FUNDS

188

111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2023 and were signed by:

P M Stott - Director

1.	STATUTORY INFORMATION

Gun Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

2,880

Additions

173

At 31 March 2023

3,053

DEPRECIATION

At 1 April 2022

2,136

Charge for year

199

At 31 March 2023

2,335

NET BOOK VALUE

At 31 March 2023

718

At 31 March 2022

744

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

9,120

8,400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

(1

)

(1

)

Taxation and social security

3,491

3,166

Other creditors

58,736

48,099

62,226

51,264

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Interest has been paid to Directors at 2.125% of funds loaned to the company. Interest for the year was £999 (2022 - £969).