Company Registration No. 13557045 (England and Wales)
GORKHAS FORCE LTD
Unaudited accounts
for the year ended 31 August 2023
GORKHAS FORCE LTD
Unaudited accounts
Contents
GORKHAS FORCE LTD
Company Information
for the year ended 31 August 2023
Company Number
13557045 (England and Wales)
Registered Office
REGUS, CENTAUR HOUSE
ANCELLS ROAD
FLEET
HAMPSHIRE
GU51 2UJ
ENGLAND
Accountants
Asmita & Associates Ltd
114-116 Plumstead High Street
Plumstead
London
SE18 1SJ
GORKHAS FORCE LTD
Statement of financial position
as at 31 August 2023
Investment property
19,994
-
Cash at bank and in hand
43,300
3,262
Creditors: amounts falling due within one year
(101,638)
(17,563)
Net current assets
6,639
22,427
Total assets less current liabilities
68,140
22,427
Creditors: amounts falling due after more than one year
(39,071)
-
Called up share capital
100
100
Profit and loss account
28,969
22,327
Shareholders' funds
29,069
22,427
For the year ending 31 August 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 20 May 2024 and were signed on its behalf by
Bikash Gurung
Director
Company Registration No. 13557045
GORKHAS FORCE LTD
Notes to the Accounts
for the year ended 31 August 2023
GORKHAS FORCE LTD is a private company, limited by shares, registered in England and Wales, registration number 13557045. The registered office is REGUS, CENTAUR HOUSE, ANCELLS ROAD, FLEET, HAMPSHIRE, GU51 2UJ, 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.
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% Reducing Balance
Motor vehicles
20% Reducing Balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
GORKHAS FORCE LTD
Notes to the Accounts
for the year ended 31 August 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
916
46,090
47,006
At 31 August 2023
916
46,090
47,006
Charge for the year
122
5,377
5,499
At 31 August 2023
122
5,377
5,499
At 31 August 2023
794
40,713
41,507
Amounts falling due within one year
Trade debtors
64,331
36,728
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
67
5,237
Loans from directors
4,153
11,726
GORKHAS FORCE LTD
Notes to the Accounts
for the year ended 31 August 2023
8
Creditors: amounts falling due after more than one year
2023
2022
9
Transactions with related parties
The director loan includes debit balance of £5847 (2022:£11,726) on which no interest has been charged by the company. The condition of the loan is to repay within 12 months of the borrowing. There is no security held by the company against the loan.
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Average number of employees
During the year the average number of employees was 2 (2022: 0).