Company Registration No. 09072623 (England and Wales)
GAANGCHILL LTD
Unaudited accounts
for the year ended 31 May 2023
GAANGCHILL LTD
Unaudited accounts
Contents
GAANGCHILL LTD
Company Information
for the year ended 31 May 2023
Company Number
09072623 (England and Wales)
Registered Office
Barkat House (1st Floor)
Unit - 9. 116-118 Finchley Road
London
NW3 5HT
ENGLAND
GAANGCHILL LTD
Statement of financial position
as at 31 May 2023
Tangible assets
21,228
657
Cash at bank and in hand
531
6,008
Creditors: amounts falling due within one year
(16,918)
(1,198)
Net current assets
19,166
33,836
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
GAANGCHILL LTD
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
-
4,013
4,013
At 31 May 2023
22,000
4,013
26,013
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
At 31 May 2023
20,900
328
21,228
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
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
Loans from directors
1,200
82
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).