GUMPTION LTD

Company Registration Number:
08043611 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

GUMPTION LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GUMPTION LTD

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The company provides Social Media marketing and support services.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Jenna Yhearm


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 April 2024

And signed on behalf of the board by:
Name: Jenna Yhearm
Status: Director

GUMPTION LTD

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 121,751 124,180
Cost of sales: ( 44,659 ) ( 58,935 )
Gross profit(or loss): 77,092 65,245
Administrative expenses: ( 30,847 ) ( 40,951 )
Operating profit(or loss): 46,245 24,294
Profit(or loss) before tax: 46,245 24,294
Tax: ( 9,249 )
Profit(or loss) for the financial year: 36,996 24,294

GUMPTION LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 12,891 12,112
Total fixed assets: 12,891 12,112
Current assets
Debtors: 4 25,128 25,708
Cash at bank and in hand: 4,218 3,557
Total current assets: 29,346 29,265
Prepayments and accrued income: 4,953 4,953
Creditors: amounts falling due within one year: 5 ( 25,073 ) ( 10,295 )
Net current assets (liabilities): 9,226 23,923
Total assets less current liabilities: 22,117 36,035
Creditors: amounts falling due after more than one year: 6 ( 14,287 ) ( 20,251 )
Total net assets (liabilities): 7,830 15,784
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 7,826 15,780
Total Shareholders' funds: 7,830 15,784

The notes form part of these financial statements

GUMPTION LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 7 April 2024
and signed on behalf of the board by:

Name: Jenna Yhearm
Status: Director

The notes form part of these financial statements

GUMPTION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GUMPTION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

GUMPTION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 17,089 17,089
Additions 779 779
Disposals
Revaluations
Transfers
At 31 March 2024 17,868 17,868
Depreciation
At 1 April 2023 4,977 4,977
Charge for year
On disposals
Other adjustments
At 31 March 2024 4,977 4,977
Net book value
At 31 March 2024 12,891 12,891
At 31 March 2023 12,112 12,112

GUMPTION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 25,128 25,708
Total 25,128 25,708

GUMPTION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 4,045
Taxation and social security 20,695 10,193
Other creditors 333 102
Total 25,073 10,295

GUMPTION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 14,287 20,251
Total 14,287 20,251