Gustore Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08192485 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Gustore Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J Gustaitis

REGISTERED OFFICE:

Merla

Nether Terryvale

Westhill

Aberdeenshire

AB32 7BS

REGISTERED NUMBER:

08192485 (England and Wales)

ACCOUNTANTS:

E Johnson & Associates

Chartered Certified Accountants

637 Green Lanes

London

N8 0RE

FIXED ASSETS

Tangible assets

4

1,309

769

CURRENT ASSETS

Debtors

5

11,825

11,832

Cash at bank

37,718

22,532

49,543

34,364

CREDITORS

Amounts falling due within one year

6

33,890

23,384

NET CURRENT ASSETS

15,653

10,980

TOTAL ASSETS LESS CURRENT LIABILITIES

16,962

11,749

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

16,862

11,649

SHAREHOLDERS' FUNDS

16,962

11,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 11 September 2018 and were signed by:

Mr J Gustaitis - Director

1.	STATUTORY INFORMATION

Gustore Limited 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 the provisions of Section 1A "Small Entities" 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 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.

Computer equipment

-

25% on reducing balance

Taxation

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2016

1,025

Additions

976

At 31 August 2017

2,001

DEPRECIATION

At 1 September 2016

256

Charge for year

436

At 31 August 2017

692

NET BOOK VALUE

At 31 August 2017

1,309

At 31 August 2016

769

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

11,825

11,832

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

371

2

Corporation tax

9,960

9,600

Social security and other taxes

245

1,823

Wages control account

1,830

1,540

VAT

4,740

8,465

Directors' current accounts

16,264

34

Accrued expenses

480

1,920

33,890

23,384

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 September 2016

11,649

Profit for the year

41,213

Dividends

(36,000

)

At 31 August 2017

16,862

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Gustaitis.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the

company.