1 March 2022 false No description of principal activity Taxfiler 2023.10.2 SC656034business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC6560342022-02-28 SC6560342022-03-012023-02-28 SC656034business:AuditExemptWithAccountantsReport2022-03-012023-02-28 SC656034business:FilletedAccounts2022-03-012023-02-28 SC6560342023-02-28 SC656034business:Director12022-03-012023-02-28 SC656034business:RegisteredOffice2022-03-012023-02-28 SC6560342022-02-28 SC656034core:WithinOneYear2023-02-28 SC656034core:WithinOneYear2022-02-28 SC656034core:AfterOneYear2023-02-28 SC656034core:AfterOneYear2022-02-28 SC656034core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC656034core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC656034core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC656034core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC656034core:PreviouslyStatedAmount2023-02-28 SC656034core:PreviouslyStatedAmount2022-02-28 SC656034business:SmallEntities2022-03-012023-02-28 SC656034countries:Scotland2022-03-012023-02-28 SC656034core:MotorVehicles2022-03-012023-02-28 SC656034core:FurnitureFittings2022-03-012023-02-28 SC656034core:MotorVehicles2022-02-28 SC656034core:FurnitureFittings2022-02-28 SC656034core:MotorVehicles2023-02-28 SC656034core:FurnitureFittings2023-02-28 SC6560342021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC656034 (Scotland)
GULNAR EXPRESS LIMITED Unaudited accounts for the year ended 28 February 2023
GULNAR EXPRESS LIMITED Unaudited accounts Contents
Page
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GULNAR EXPRESS LIMITED Company Information for the year ended 28 February 2023
Director
Navjot Singh Gosal
Company Number
SC656034 (Scotland)
Registered Office
62 MAIN STREET LARBERT FALKIRK FK5 3AR SCOTLAND
Accountants
Avid Accountants Ltd 21 Blythswood Square Glasgow G2 4BL
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GULNAR EXPRESS LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,226 
10,452 
Current assets
Inventories
- 
450 
Cash at bank and in hand
12,036 
26,708 
12,036 
27,158 
Creditors: amounts falling due within one year
(32,127)
(18,604)
Net current (liabilities)/assets
(20,091)
8,554 
Total assets less current liabilities
(13,865)
19,006 
Creditors: amounts falling due after more than one year
(5,397)
(8,634)
Provisions for liabilities
Deferred tax
(2,789)
(2,789)
Net (liabilities)/assets
(22,051)
7,583 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(22,053)
7,581 
Shareholders' funds
(22,051)
7,583 
For the year ending 28 February 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 13 November 2023 and were signed on its behalf by
Navjot Singh Gosal Director Company Registration No. SC656034
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GULNAR EXPRESS LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
GULNAR EXPRESS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC656034. The registered office is 62 MAIN STREET, LARBERT, FALKIRK, FK5 3AR, SCOTLAND.
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:
Motor vehicles
25%
Fixtures & fittings
15%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
13,904 
5,000 
18,904 
At 28 February 2023
13,904 
5,000 
18,904 
Depreciation
At 1 March 2022
6,952 
1,500 
8,452 
Charge for the year
3,476 
750 
4,226 
At 28 February 2023
10,428 
2,250 
12,678 
Net book value
At 28 February 2023
3,476 
2,750 
6,226 
At 28 February 2022
6,952 
3,500 
10,452 
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GULNAR EXPRESS LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,069 
3,345 
Obligations under finance leases and hire purchase contracts
3,237 
3,237 
Trade creditors
10,400 
- 
Taxes and social security
320 
2,331 
Loans from directors
10,055 
- 
Accruals
4,046 
9,691 
32,127 
18,604 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,397 
8,634 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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