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Company Registration No. 11755593 (England and Wales)
GUSTOSO LTD Unaudited accounts for the year ended 31 January 2022
GUSTOSO LTD Unaudited accounts Contents
Page
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GUSTOSO LTD Company Information for the year ended 31 January 2022
Director
Louise Field
Company Number
11755593 (England and Wales)
Registered Office
QUEEN VICTORIA HOUSE ALBERT STREET SWINDON WILTS SN1 3BF ENGLAND
Accountants
Accounts On Us Ltd Suite 5, Crowood House Gipsy Lane Swindon Wilts SN2 8YY
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GUSTOSO LTD Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,974 
1,786 
Current assets
Inventories
2,598 
2,074 
Cash at bank and in hand
15,594 
23,187 
18,192 
25,261 
Creditors: amounts falling due within one year
(18,039)
(17,492)
Net current assets
153 
7,769 
Net assets
5,127 
9,555 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,126 
9,554 
Shareholders' funds
5,127 
9,555 
For the year 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2022 and were signed on its behalf by
Louise Field Director Company Registration No. 11755593
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GUSTOSO LTD Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
GUSTOSO LTD is a private company, limited by shares, registered in England and Wales, registration number 11755593. The registered office is QUEEN VICTORIA HOUSE, ALBERT STREET, SWINDON, WILTS, SN1 3BF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2021
1,997 
500 
- 
2,497 
Additions
1,198 
964 
1,721 
3,883 
At 31 January 2022
3,195 
1,464 
1,721 
6,380 
Depreciation
At 1 February 2021
578 
133 
- 
711 
Charge for the year
405 
135 
155 
695 
At 31 January 2022
983 
268 
155 
1,406 
Net book value
At 31 January 2022
2,212 
1,196 
1,566 
4,974 
At 31 January 2021
1,419 
367 
- 
1,786 
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GUSTOSO LTD Notes to the Accounts for the year ended 31 January 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
5,969 
2,413 
Trade creditors
5,243 
3,711 
Taxes and social security
4,838 
9,946 
Accruals
1,989 
1,422 
18,039 
17,492 
6
Average number of employees
During the year the average number of employees was 6 (2021: 4).
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