REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 30 AUGUST 2022 TO 31 AUGUST 2023 |
FOR |
GASELLE AND J LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 30 AUGUST 2022 TO 31 AUGUST 2023 |
FOR |
GASELLE AND J LIMITED |
GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 30 AUGUST 2022 TO 31 AUGUST 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GASELLE AND J LIMITED |
COMPANY INFORMATION |
for the Period 30 AUGUST 2022 TO 31 AUGUST 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
and Statutory Auditor |
61 Queen Square |
Bristol |
BS1 4JZ |
GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368) |
BALANCE SHEET |
31 AUGUST 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges her 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. |
GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368) |
BALANCE SHEET - continued |
31 AUGUST 2023 |
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 |
GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 30 AUGUST 2022 TO 31 AUGUST 2023 |
1. | STATUTORY INFORMATION |
Gaselle and J Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs. |
GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 30 AUGUST 2022 TO 31 AUGUST 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Going concern |
The company's balance sheet at 31 August 2023 shows that liabilities exceed assets by £13,633. Included in the liabilities is a director's loan of £47,150. There are no arrangements for this to be repaid in the next 12 months. Therefore, the directors believe it is appropriate to prepare the financial statements on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Website |
and |
Trademarks | branding | Totals |
£ | £ | £ |
COST |
Additions |
At 31 August 2023 |
AMORTISATION |
Amortisation for period |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 30 AUGUST 2022 TO 31 AUGUST 2023 |
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
At 31 August 2023 |
DEPRECIATION |
Charge for period |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
VAT |
Deferred tax asset |
Deferred tax asset |
£ |
Accelerated capital allowances | ( |
) |
Tax losses carried forward |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
Director's current account |
Accrued expenses |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 100 |
100 Ordinary shares of £1 each were allotted and fully paid for |
GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 30 AUGUST 2022 TO 31 AUGUST 2023 |
9. | RELATED PARTY DISCLOSURES |
During the period the director lent £47,150 to the company. .At 31 August 2023 there was a balance owing to the director of £47,150. There are no set repayment terms and no interest is charged on the loan. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is Miss J M L Selman. |