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
Gaga Haulage Ltd
Company Information
for the year ended 30 November 2022
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
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
Gaga Haulage Ltd
Statement of financial position
as at 30 November 2022
Tangible assets
1,506,035
727,193
Cash at bank and in hand
212,458
446,379
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
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
Gaga Haulage Ltd
Notes to the Accounts
for the year ended 30 November 2022
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.
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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.
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.
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:
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Tangible fixed assets
Plant & machinery
At 1 December 2021
816,572
At 30 November 2022
1,994,267
Charge for the year
398,853
At 30 November 2022
488,232
At 30 November 2022
1,506,035
At 30 November 2021
727,193
Gaga Haulage Ltd
Notes to the Accounts
for the year ended 30 November 2022
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
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
38,412
38,412
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
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Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
555,355
398,272
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Average number of employees
During the year the average number of employees was 4 (2021: 4).