Registered number
10774221
Gas 4UUU Limited
Filleted Accounts
31 May 2023
Gas 4UUU Limited
Registered number: 10774221
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 15,330 20,440
Current assets
Debtors 4 122,520 39,968
Cash at bank and in hand 7,954 6,969
130,474 46,937
Creditors: amounts falling due within one year 5 (102,312) (37,206)
Net current assets 28,162 9,731
Total assets less current liabilities 43,492 30,171
Creditors: amounts falling due after more than one year 6 (25,636) (29,375)
Provisions for liabilities (3,000) -
Net assets 14,856 796
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,756 696
Shareholders' funds 14,856 796
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Tiwana
Director
Approved by the board on 30 October 2023
Gas 4UUU Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Computer equipment 33% straight line
Fixtures, fittings and office equipment 15% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 509 27,252 27,761
At 31 May 2023 509 27,252 27,761
Depreciation
At 1 June 2022 509 6,812 7,321
Charge for the year - 5,110 5,110
At 31 May 2023 509 11,922 12,431
Net book value
At 31 May 2023 - 15,330 15,330
At 31 May 2022 - 20,440 20,440
4 Debtors 2023 2022
£ £
Trade debtors 92,133 2,875
Other debtors 30,387 37,093
122,520 39,968
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,466 6,667
Obligations under finance lease and hire purchase contracts 3,007 3,007
Trade creditors 46 708
Other taxes and social security costs 12,327 21,037
Other creditors 84,466 5,787
102,312 37,206
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,636 26,368
Obligations under finance lease and hire purchase contracts - 3,007
25,636 29,375
7 Other information
Gas 4UUU Limited is a private company limited by shares and incorporated in England. Its registered office is:
6A Little Aston Lane
Little Aston
Sutton Coldfield
B74 3UF
Gas 4UUU Limited 10774221 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 P Tiwana No description of principal activity 10774221 2021-06-01 2022-05-31 10774221 core:WithinOneYear 2022-05-31 10774221 core:AfterOneYear 2022-05-31 10774221 core:ShareCapital 2022-05-31 10774221 core:RetainedEarningsAccumulatedLosses 2022-05-31 10774221 2022-06-01 2023-05-31 10774221 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10774221 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10774221 bus:Director40 2022-06-01 2023-05-31 10774221 1 2022-06-01 2023-05-31 10774221 2 2022-06-01 2023-05-31 10774221 core:PlantMachinery 2022-06-01 2023-05-31 10774221 core:Vehicles 2022-06-01 2023-05-31 10774221 countries:England 2022-06-01 2023-05-31 10774221 bus:FRS102 2022-06-01 2023-05-31 10774221 bus:FullAccounts 2022-06-01 2023-05-31 10774221 2023-05-31 10774221 core:WithinOneYear 2023-05-31 10774221 core:AfterOneYear 2023-05-31 10774221 core:ShareCapital 2023-05-31 10774221 core:RetainedEarningsAccumulatedLosses 2023-05-31 10774221 core:PlantMachinery 2023-05-31 10774221 core:Vehicles 2023-05-31 10774221 2022-05-31 10774221 core:PlantMachinery 2022-05-31 10774221 core:Vehicles 2022-05-31 iso4217:GBP xbrli:pure