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Company Registration No. 07731692 (England and Wales)
Gaga Haulage Ltd Unaudited accounts for the year ended 30 November 2022
Gaga Haulage Ltd Unaudited accounts Contents
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Gaga Haulage Ltd Company Information for the year ended 30 November 2022
Director
Ionel Vilciu
Company Number
07731692 (England and Wales)
Registered Office
2 LANES AVENUE NORTHFLEET DA11 7HR UNITED KINGDOM
Accountants
Anit Shah MAAT Laxmi Accountancy Ltd 27 Belvedere Way Harrow Middlesex HA3 9XQ
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Gaga Haulage Ltd Accountants' report
Accountants' report to the director of Gaga Haulage Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 November 2022.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 November 2022. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Anit Shah MAAT Laxmi Accountancy Ltd 27 Belvedere Way Harrow Middlesex HA3 9XQ 22 November 2023
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Gaga Haulage Ltd Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,506,035 
727,193 
Current assets
Debtors
611,053 
955,892 
Cash at bank and in hand
212,458 
446,379 
823,511 
1,402,271 
Creditors: amounts falling due within one year
(500,547)
(679,047)
Net current assets
322,964 
723,224 
Total assets less current liabilities
1,828,999 
1,450,417 
Creditors: amounts falling due after more than one year
(610,631)
(491,960)
Net assets
1,218,368 
958,457 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,217,368 
957,457 
Shareholders' funds
1,218,368 
958,457 
For the year ending 30 November 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 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 22 November 2023 and were signed on its behalf by
Ionel Vilciu Director Company Registration No. 07731692
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Gaga Haulage Ltd Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
Gaga Haulage Ltd is a private company, limited by shares, registered in England and Wales, registration number 07731692. The registered office is 2 LANES AVENUE, NORTHFLEET, DA11 7HR, UNITED KINGDOM.
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
20%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2021
816,572 
Additions
1,177,695 
At 30 November 2022
1,994,267 
Depreciation
At 1 December 2021
89,379 
Charge for the year
398,853 
At 30 November 2022
488,232 
Net book value
At 30 November 2022
1,506,035 
At 30 November 2021
727,193 
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Gaga Haulage Ltd Notes to the Accounts for the year ended 30 November 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
133,786 
532,625 
Amounts due from group undertakings etc.
373,267 
323,267 
Other debtors
104,000 
100,000 
611,053 
955,892 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
38,412 
38,412 
VAT
42,451 
198,106 
Obligations under finance leases and hire purchase contracts
362,991 
197,288 
Trade creditors
53,693 
199,523 
Taxes and social security
- 
42,718 
Other creditors
3,000 
3,000 
500,547 
679,047 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
55,276 
93,688 
Obligations under finance leases and hire purchase contracts
555,355 
398,272 
610,631 
491,960 
8
Average number of employees
During the year the average number of employees was 4 (2021: 4).
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