Company Registration No. 04445880 (England and Wales)
Guemsujeo Ltd
Unaudited accounts
for the year ended 30 September 2023
Guemsujeo Ltd
Unaudited accounts
Contents
Guemsujeo Ltd
Company Information
for the year ended 30 September 2023
Company Number
04445880 (England and Wales)
Registered Office
Tuite Tang Wong
15 The Broadway
Woodford Green
Essex
IG8 0HL
England
Accountants
Tuite Tang Wong
Chartered Certified Accountants
15 The Broadway
Woodford Green
Essex
IG8 0HL
Guemsujeo Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
21,808
24,755
Cash at bank and in hand
302,319
182,644
Creditors: amounts falling due within one year
(131,116)
(94,028)
Net current assets
207,304
132,946
Total assets less current liabilities
229,112
157,701
Creditors: amounts falling due after more than one year
(28,797)
(51,626)
Net assets
200,315
106,075
Called up share capital
100
100
Profit and loss account
200,215
105,975
Shareholders' funds
200,315
106,075
For the year ending 30 September 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 11 April 2024 and were signed on its behalf by
J H Kim
Director
Company Registration No. 04445880
Guemsujeo Ltd
Notes to the Accounts
for the year ended 30 September 2023
Guemsujeo Ltd is a private company, limited by shares, registered in England and Wales, registration number 04445880. The registered office is Tuite Tang Wong , 15 The Broadway, Woodford Green, Essex, IG8 0HL, England.
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.
These financial statements for the year ended 30 September 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2021
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:
Land & buildings
Over the life of the lease
Plant & machinery
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Guemsujeo Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
150,390
54,680
59,571
264,641
At 30 September 2023
150,390
56,165
59,571
266,126
At 1 October 2022
132,917
49,360
57,609
239,886
Charge for the year
1,993
1,949
490
4,432
At 30 September 2023
134,910
51,309
58,099
244,318
At 30 September 2023
15,480
4,856
1,472
21,808
At 30 September 2022
17,473
5,320
1,962
24,755
Amounts falling due within one year
Accrued income and prepayments
12,669
14,428
Other debtors
15,000
15,000
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,077
9,828
Trade creditors
31,777
30,579
Taxes and social security
35,286
9,309
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
11,428
24,179
8
Average number of employees
During the year the average number of employees was 13 (2022: 10).