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REGISTERED NUMBER: 12468112 (England and Wales)










GURE LORATEGIA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

18 FEBRUARY 2020 TO 31 MARCH 2021






GURE LORATEGIA LTD (REGISTERED NUMBER: 12468112)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 FEBRUARY 2020 TO 31 MARCH 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GURE LORATEGIA LTD

COMPANY INFORMATION
FOR THE PERIOD 18 FEBRUARY 2020 TO 31 MARCH 2021







DIRECTOR: S Hegazey





REGISTERED OFFICE: 69-71 East Street
Epsom
United Kingdom
Surrey
KT17 1BP





REGISTERED NUMBER: 12468112 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

GURE LORATEGIA LTD (REGISTERED NUMBER: 12468112)

BALANCE SHEET
31 MARCH 2021

Notes £    £   
FIXED ASSETS
Tangible assets 5 814

CURRENT ASSETS
Stocks 235,565
Debtors 6 6,818
Cash at bank 156,957
399,340
CREDITORS
Amounts falling due within one year 7 233,800
NET CURRENT ASSETS 165,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,354

PROVISIONS FOR LIABILITIES 155
NET ASSETS 166,199

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 166,197
166,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2022 and were signed by:



S Hegazey - Director


GURE LORATEGIA LTD (REGISTERED NUMBER: 12468112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 FEBRUARY 2020 TO 31 MARCH 2021

1. STATUTORY INFORMATION

Gure Lorategia 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 25% on cost

Government grants
Revenue based grant receivable are recognised in the accounting period to which the expense relates to under the accrual model.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

GURE LORATEGIA LTD (REGISTERED NUMBER: 12468112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 FEBRUARY 2020 TO 31 MARCH 2021

3. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,150
At 31 March 2021 1,150
DEPRECIATION
Charge for period 336
At 31 March 2021 336
NET BOOK VALUE
At 31 March 2021 814

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,995
Other debtors 3,823
6,818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 66,784
Taxation and social security 46,042
Other creditors 120,974
233,800

8. RELATED PARTY DISCLOSURES

The Company maintains interest free loan accounts, which is repayable on demand, with the Directors of the entity. During the year, the Directors advanced £75,281 to the Company for expenses, of which £536 was repaid for during the year. At the Balance Sheet Date, the Company owes £74,744 to the Directors.

Gure Etxea Ltd is related to Gure Lorategia Ltd by virtue of S. Hegazey being a director of both companies. During the year Gure Etxea Ltd loaned money to Gure Lorategia Ltd to the value of of £44,620