2022-03-012023-02-282023-02-28false07912716G S KULAR 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G S KULAR LIMITED

Registered Number
07912716
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

G S KULAR LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Director

KULAR, Gurpreet

Company Secretary

KULAR, Rupan

Registered Address

9 Beechlands Taverham
Norwich
NR8 6SZ

Registered Number

07912716 (England and Wales)
G S KULAR LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5254,475254,475
Investments6600,000600,000
854,475854,475
Current assets
Debtors747,25857,539
Cash at bank and on hand8,0832,406
55,34159,945
Creditors amounts falling due within one year8(563,839)(538,799)
Net current assets (liabilities)(508,498)(478,854)
Total assets less current liabilities345,977375,621
Creditors amounts falling due after one year9(316,105)(341,000)
Net assets29,87234,621
Capital and reserves
Called up share capital100100
Profit and loss account29,77234,521
Shareholders' funds29,87234,621
The financial statements were approved and authorised for issue by the Director on 24 November 2023, and are signed on its behalf by:
KULAR, Gurpreet
Director
Registered Company No. 07912716
G S KULAR LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Land & buildings

Total

££
Cost or valuation
At 01 March 22254,475254,475
At 28 February 23254,475254,475
Net book value
At 28 February 23254,475254,475
At 28 February 22254,475254,475
6.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 March 22600,000600,000
At 28 February 23600,000600,000
Net book value
At 28 February 23600,000600,000
At 28 February 22600,000600,000

Notes

1Investments in group undertakings and participating interests
7.Debtors

2023

2022

££
Amounts owed by group undertakings47,25852,886
Other debtors-4,653
Total47,25857,539
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Bank borrowings and overdrafts17,21310,800
Taxation and social security-1,323
Other creditors545,876525,876
Accrued liabilities and deferred income750800
Total563,839538,799
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts136,105161,000
Other creditors180,000180,000
Total316,105341,000