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Company Registration No. 04445880 (England and Wales)
Guemsujeo Ltd Unaudited accounts for the year ended 30 September 2023
Guemsujeo Ltd Unaudited accounts Contents
Page
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Guemsujeo Ltd Company Information for the year ended 30 September 2023
Director
J H Kim
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
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Guemsujeo Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,808 
24,755 
Current assets
Inventories
6,435 
13,688 
Debtors
29,666 
30,642 
Cash at bank and in hand
302,319 
182,644 
338,420 
226,974 
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 
Capital and reserves
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
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Guemsujeo Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
3
Accounting policies
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
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:
Land & buildings
Over the life of the lease
Plant & machinery
25% on reducing balance
Inventories
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
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.
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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 
Additions
- 
1,485 
- 
1,485 
At 30 September 2023
150,390 
56,165 
59,571 
266,126 
Depreciation
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 
Net book value
At 30 September 2023
15,480 
4,856 
1,472 
21,808 
At 30 September 2022
17,473 
5,320 
1,962 
24,755 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,997 
1,214 
Accrued income and prepayments
12,669 
14,428 
Other debtors
15,000 
15,000 
29,666 
30,642 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,077 
9,828 
VAT
34,211 
30,888 
Trade creditors
31,777 
30,579 
Taxes and social security
35,286 
9,309 
Accruals
19,765 
13,424 
131,116 
94,028 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,369 
27,447 
Loans from directors
11,428 
24,179 
28,797 
51,626 
8
Average number of employees
During the year the average number of employees was 13 (2022: 10).
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