19 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06748713 2022-12-01 2023-11-30 06748713 2023-11-30 06748713 2022-11-30 06748713 2021-12-01 2022-11-30 06748713 2022-11-30 06748713 2021-11-30 06748713 bus:Director3 2022-12-01 2023-11-30 06748713 core:FurnitureFittings 2022-11-30 06748713 core:MotorVehicles 2022-11-30 06748713 core:FurnitureFittings 2023-11-30 06748713 core:MotorVehicles 2023-11-30 06748713 core:FurnitureFittings 2022-12-01 2023-11-30 06748713 core:MotorVehicles 2022-12-01 2023-11-30 06748713 core:AfterOneYear 2023-11-30 06748713 core:AfterOneYear 2022-11-30 06748713 core:WithinOneYear 2023-11-30 06748713 core:WithinOneYear 2022-11-30 06748713 core:ShareCapital 2023-11-30 06748713 core:ShareCapital 2022-11-30 06748713 core:RetainedEarningsAccumulatedLosses 2023-11-30 06748713 core:RetainedEarningsAccumulatedLosses 2022-11-30 06748713 core:FurnitureFittings 2022-11-30 06748713 core:MotorVehicles 2022-11-30 06748713 bus:SmallEntities 2022-12-01 2023-11-30 06748713 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06748713 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06748713 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06748713 bus:FullAccounts 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 06748713
GADGETS AVENUE LIMITED
Filleted Unaudited Financial Statements
30 November 2023
GADGETS AVENUE LIMITED
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
128,636
143,438
Current assets
Stocks
212,856
277,385
Cash at bank and in hand
9,251
4,653
---------
---------
222,107
282,038
Creditors: amounts falling due within one year
6
207,952
267,545
---------
---------
Net current assets
14,155
14,493
---------
---------
Total assets less current liabilities
142,791
157,931
Creditors: amounts falling due after more than one year
7
171,660
261,117
---------
---------
Net liabilities
( 28,869)
( 103,186)
---------
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
( 28,873)
( 103,190)
--------
---------
Shareholders deficit
( 28,869)
( 103,186)
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GADGETS AVENUE LIMITED
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 26 August 2024 , and are signed on behalf of the board by:
MR MUHAMMAD IMRAN IRFAN
Director
Company registration number: 06748713
GADGETS AVENUE LIMITED
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is UNIT 6, OLD BASING MALL, BASINGSTOKE, RG21 7AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2022: 30 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 December 2022
483,050
46,542
529,592
Additions
9,650
9,650
---------
--------
---------
At 30 November 2023
492,700
46,542
539,242
---------
--------
---------
Depreciation
At 1 December 2022
369,399
16,755
386,154
Charge for the year
18,495
5,957
24,452
---------
--------
---------
At 30 November 2023
387,894
22,712
410,606
---------
--------
---------
Carrying amount
At 30 November 2023
104,806
23,830
128,636
---------
--------
---------
At 30 November 2022
113,651
29,787
143,438
---------
--------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
42,708
153,528
Social security and other taxes
10,439
49,775
Other creditors
154,805
64,242
---------
---------
207,952
267,545
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
118,596
152,031
Other creditors
53,064
109,086
---------
---------
171,660
261,117
---------
---------
8. Related party transactions
The company was under the control of Mr Sheraz Mehmood & Mr Ahmed Yaser throughout the current and previous year.