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Company Registration No. 09072623 (England and Wales)
GAANGCHILL LTD Unaudited accounts for the year ended 31 May 2023
GAANGCHILL LTD Unaudited accounts Contents
Page
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GAANGCHILL LTD Company Information for the year ended 31 May 2023
Director
S M Abdul Gaffar
Company Number
09072623 (England and Wales)
Registered Office
Barkat House (1st Floor) Unit - 9. 116-118 Finchley Road London NW3 5HT ENGLAND
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GAANGCHILL LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,228 
657 
Investments
12,000 
12,000 
33,228 
12,657 
Current assets
Debtors
35,553 
29,026 
Cash at bank and in hand
531 
6,008 
36,084 
35,034 
Creditors: amounts falling due within one year
(16,918)
(1,198)
Net current assets
19,166 
33,836 
Net assets
52,394 
46,493 
Capital and reserves
Called up share capital
51,000 
51,000 
Profit and loss account
1,394 
(4,507)
Shareholders' funds
52,394 
46,493 
For the year ending 31 May 2023 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 his 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 2 November 2023 and were signed on its behalf by
S M Abdul Gaffar Director Company Registration No. 09072623
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GAANGCHILL LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
GAANGCHILL LTD is a private company, limited by shares, registered in England and Wales, registration number 09072623. The registered office is Barkat House (1st Floor), Unit - 9. 116-118 Finchley Road, London, NW3 5HT, 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
These financial statements for the year ended 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Motor vehicles
5%
Computer equipment
20%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
- 
4,013 
4,013 
Additions
22,000 
- 
22,000 
At 31 May 2023
22,000 
4,013 
26,013 
Depreciation
At 1 June 2022
- 
3,356 
3,356 
Charge for the year
1,100 
329 
1,429 
At 31 May 2023
1,100 
3,685 
4,785 
Net book value
At 31 May 2023
20,900 
328 
21,228 
At 31 May 2022
- 
657 
657 
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GAANGCHILL LTD Notes to the Accounts for the year ended 31 May 2023
5
Investments
Other investments 
£ 
Valuation at 1 June 2022
12,000 
Valuation at 31 May 2023
12,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
35,553 
29,026 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,526 
1,116 
Other creditors
13,192 
- 
Loans from directors
1,200 
82 
16,918 
1,198 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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