Company Registration No. 13625228 (England and Wales)
Gwong Bay Technology Ltd
Unaudited accounts
for the year ended 30 September 2023
Gwong Bay Technology Ltd
Unaudited accounts
Contents
Gwong Bay Technology Ltd
Company Information
for the year ended 30 September 2023
Director
Matthew Robert Scully
Company Number
13625228 (England and Wales)
Registered Office
Office Suite 29a
3/F 23 Wharf Street
London
SE8 3GG
England
Accountants
LJW Accountants Limited
27 Hardy Avenue
Dartford
Kent
DA1 2FE
Gwong Bay Technology Ltd
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
253
1
Creditors: amounts falling due within one year
(129)
-
Called up share capital
1
1
Profit and loss account
123
-
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 29 July 2024 and were signed on its behalf by
Matthew Robert Scully
Director
Company Registration No. 13625228
Gwong Bay Technology Ltd
Notes to the Accounts
for the year ended 30 September 2023
Gwong Bay Technology Ltd is a private company, limited by shares, registered in England and Wales, registration number 13625228. The registered office is Office Suite 29a, 3/F 23 Wharf Street, London, SE8 3GG, 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.
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.
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.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
29
-
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).