IRIS Accounts Production v23.3.0.418 05478575 director 1.8.22 31.7.23 31.7.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054785752022-07-31054785752023-07-31054785752022-08-012023-07-31054785752021-07-31054785752021-08-012022-07-31054785752022-07-3105478575ns10:Originalns15:EnglandWales2022-08-012023-07-3105478575ns14:PoundSterlingns10:Original2022-08-012023-07-3105478575ns10:Originalns10:Director12022-08-012023-07-3105478575ns10:Original2022-08-012023-07-3105478575ns10:Original2023-07-3105478575ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105478575ns10:Originalns10:SmallEntities2022-08-012023-07-3105478575ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105478575ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105478575ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3105478575ns10:Originalns10:FullAccounts2022-08-012023-07-3105478575ns10:Original12022-08-012023-07-3105478575ns10:Originalns10:OrdinaryShareClass12022-08-012023-07-3105478575ns10:CompanySecretary1ns10:Original2022-08-012023-07-3105478575ns10:Originalns10:RegisteredOffice2022-08-012023-07-3105478575ns10:Original2022-07-3105478575ns10:Originalns5:CurrentFinancialInstruments2023-07-3105478575ns10:Originalns5:CurrentFinancialInstruments2022-07-3105478575ns10:Originalns5:Non-currentFinancialInstruments2023-07-3105478575ns10:Originalns5:Non-currentFinancialInstruments2022-07-3105478575ns5:ShareCapitalns10:Original2023-07-3105478575ns5:ShareCapitalns10:Original2022-07-3105478575ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3105478575ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3105478575ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-012023-07-3105478575ns10:Originalns5:PlantMachinery2022-08-012023-07-3105478575ns10:Original2021-08-012022-07-3105478575ns10:Originalns5:NetGoodwill2022-07-3105478575ns10:Originalns5:NetGoodwill2023-07-3105478575ns10:Originalns5:NetGoodwill2022-07-3105478575ns10:Originalns5:PlantMachinery2022-07-3105478575ns10:Originalns5:PlantMachinery2023-07-3105478575ns10:Originalns5:PlantMachinery2022-07-3105478575ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105478575ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3105478575ns10:Originalns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 05478575 (England and Wales)


Financial Statements for the Year Ended 31 July 2023

for

Gita Limited

Gita Limited (Registered number: 05478575)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gita Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr Amit Patel





SECRETARY: Mr Amit Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 05478575 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Gita Limited (Registered number: 05478575)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,000 18,000
Property, plant and equipment 5 1,423 1,779
19,423 19,779

CURRENT ASSETS
Inventories 23,256 24,225
Debtors 6 40 314
Cash at bank and in hand 10,378 12,218
33,674 36,757
CREDITORS
Amounts falling due within one year 7 46,738 36,945
NET CURRENT LIABILITIES (13,064 ) (188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,359

19,591

CREDITORS
Amounts falling due after more than one
year

8

5,525

14,558
NET ASSETS 834 5,033

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 831 5,030
SHAREHOLDERS' FUNDS 834 5,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gita Limited (Registered number: 05478575)

Statement of Financial Position - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 January 2024 and were signed by:





Mr Amit Patel - Director


Gita Limited (Registered number: 05478575)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Gita Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales of goods, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 18,000
NET BOOK VALUE
At 31 July 2023 18,000
At 31 July 2022 18,000

Gita Limited (Registered number: 05478575)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 9,330
DEPRECIATION
At 1 August 2022 7,551
Charge for year 356
At 31 July 2023 7,907
NET BOOK VALUE
At 31 July 2023 1,423
At 31 July 2022 1,779

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 40 -
Other debtors - 314
40 314

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 873 -
Taxation and social security 1,006 1,155
Other creditors 44,859 35,790
46,738 36,945

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 5,525 14,558

Gita Limited (Registered number: 05478575)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
3 Ordinary £1 3 3

10. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £6,300 (2022: £6,300) in respect of the business property owned by the director.