Company Registration No. 12198523 (England and Wales)
GUGU GLOBAL Ltd
Unaudited accounts
for the year ended 30 September 2023
GUGU GLOBAL Ltd
Unaudited accounts
Contents
GUGU GLOBAL Ltd
Company Information
for the year ended 30 September 2023
Company Number
12198523 (England and Wales)
Registered Office
West Clayton Business Centre
Berry Lane
Chorleywood
Hertfordshire
WD3 5EX
England
Accountants
GIA Foley & Co
West Clayton Business Centre
Berry Lane
Chorleywood
Hertfordshire
WD3 5EX
GUGU GLOBAL Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
12,294
16,775
Cash at bank and in hand
108,658
99,992
Creditors: amounts falling due within one year
(172,085)
(135,700)
Net current assets
95,936
160,512
Net assets
108,577
177,864
Called up share capital
1
1
Profit and loss account
108,576
177,863
Shareholders' funds
108,577
177,864
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 her 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 27 August 2024 and were signed on its behalf by
Yun To
Director
Company Registration No. 12198523
GUGU GLOBAL Ltd
Notes to the Accounts
for the year ended 30 September 2023
GUGU GLOBAL Ltd is a private company, limited by shares, registered in England and Wales, registration number 12198523. The registered office is West Clayton Business Centre, Berry Lane, Chorleywood, Hertfordshire, WD3 5EX, 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.
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
4 years straight line
Motor vehicles
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
4
Intangible fixed assets
Other
At 30 September 2023
1,148
GUGU GLOBAL Ltd
Notes to the Accounts
for the year ended 30 September 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2022
16,010
9,000
25,010
At 30 September 2023
16,728
9,000
25,728
At 1 October 2022
4,995
3,240
8,235
Charge for the year
4,047
1,152
5,199
At 30 September 2023
9,042
4,392
13,434
At 30 September 2023
7,686
4,608
12,294
At 30 September 2022
11,015
5,760
16,775
Amounts falling due within one year
Trade debtors
42,202
13,391
Other debtors
57,161
122,829
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
111,209
70,651
Taxes and social security
23,080
39,344
Other creditors
7,898
25,400
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).