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Company Registration No. 07731692 (England and Wales)
Gaga Haulage Ltd Unaudited accounts for the year ended 30 November 2023
Gaga Haulage Ltd Unaudited accounts Contents
Page
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Gaga Haulage Ltd Company Information for the year ended 30 November 2023
Director
Ionel Vilciu
Company Number
07731692 (England and Wales)
Registered Office
2 LANES AVENUE NORTHFLEET DA11 7HR UNITED KINGDOM
Accountants
Anit Shah MAAT Laxmi Accountancy Ltd 27 Belvedere Way Harrow Middlesex HA3 9XQ
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Gaga Haulage Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,382,428 
1,506,035 
Current assets
Debtors
202,305 
611,053 
Cash at bank and in hand
711,318 
212,458 
913,623 
823,511 
Creditors: amounts falling due within one year
(660,201)
(500,547)
Net current assets
253,422 
322,964 
Total assets less current liabilities
1,635,850 
1,828,999 
Creditors: amounts falling due after more than one year
(222,544)
(610,631)
Net assets
1,413,306 
1,218,368 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,412,306 
1,217,368 
Shareholders' funds
1,413,306 
1,218,368 
For the year ending 30 November 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 15 July 2024 and were signed on its behalf by
Ionel Vilciu Director Company Registration No. 07731692
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Gaga Haulage Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Gaga Haulage Ltd is a private company, limited by shares, registered in England and Wales, registration number 07731692. The registered office is 2 LANES AVENUE, NORTHFLEET, DA11 7HR, UNITED KINGDOM.
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
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.
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:
Plant & machinery
20%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
1,994,267 
Additions
222,000 
At 30 November 2023
2,216,267 
Depreciation
At 1 December 2022
488,232 
Charge for the year
345,607 
At 30 November 2023
833,839 
Net book value
At 30 November 2023
1,382,428 
At 30 November 2022
1,506,035 
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Gaga Haulage Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
179,588 
133,786 
Amounts due from group undertakings etc.
- 
373,267 
Other debtors
22,717 
104,000 
202,305 
611,053 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
35,219 
38,412 
VAT
3,321 
42,451 
Obligations under finance leases and hire purchase contracts
425,760 
362,991 
Trade creditors
49,168 
53,693 
Amounts owed to group undertakings and other participating interests
66,733 
- 
Other creditors
80,000 
3,000 
660,201 
500,547 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,250 
55,276 
Obligations under finance leases and hire purchase contracts
199,294 
555,355 
222,544 
610,631 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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