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REGISTERED NUMBER: 03047206 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

Geku U.K. Limited

Geku U.K. Limited (Registered number: 03047206)

Contents of the Financial Statements
for the year ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Geku U.K. Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: J R Hudson
G J Hudson
L Viktorsson
G Wierzchowski
C Burton





SECRETARY: J R Hudson





REGISTERED OFFICE: Unit H2 Knights Park
Knights Road
Strood
Rochester
Kent
ME2 2LS





REGISTERED NUMBER: 03047206 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Geku U.K. Limited (Registered number: 03047206)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,069,496 1,087,257

CURRENT ASSETS
Stocks 90,676 162,099
Debtors 5 1,187,503 1,192,574
Cash at bank and in hand 1,188,698 1,212,843
2,466,877 2,567,516
CREDITORS
Amounts falling due within one year 6 1,094,526 1,230,271
NET CURRENT ASSETS 1,372,351 1,337,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,441,847

2,424,502

CREDITORS
Amounts falling due after more than one
year

7

(73,921

)

(87,659

)

PROVISIONS FOR LIABILITIES (15,503 ) (23,878 )
NET ASSETS 2,352,423 2,312,965

CAPITAL AND RESERVES
Called up share capital 100 6
Revaluation reserve 9 646,885 646,885
Retained earnings 1,705,438 1,666,074
SHAREHOLDERS' FUNDS 2,352,423 2,312,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Geku U.K. Limited (Registered number: 03047206)

Balance Sheet - continued
31st December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th September 2024 and were signed on its behalf by:





J R Hudson - Director


Geku U.K. Limited (Registered number: 03047206)

Notes to the Financial Statements
for the year ended 31st December 2023


1. STATUTORY INFORMATION

Geku U.K. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is the total amount receivable by the company for goods supplied and services provided excluding VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the period of life of the lease
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Motor vehicles - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Geku U.K. Limited (Registered number: 03047206)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1st January 2023 1,000,000 347,327 62,358 1,409,685
Additions - - 5,502 5,502
At 31st December 2023 1,000,000 347,327 67,860 1,415,187
DEPRECIATION
At 1st January 2023 2,367 271,316 48,745 322,428
Charge for year 1,006 18,854 3,403 23,263
At 31st December 2023 3,373 290,170 52,148 345,691
NET BOOK VALUE
At 31st December 2023 996,627 57,157 15,712 1,069,496
At 31st December 2022 997,633 76,011 13,613 1,087,257

Cost or valuation at 31st December 2023 is represented by:

Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
Valuation in 2020 646,885 - - 646,885
Cost 353,115 347,327 67,860 768,302
1,000,000 347,327 67,860 1,415,187

If the leasehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 353,115 353,115

Leasehold property was valued on an open market basis on 31st December 2020 by The Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 309,631 709,963
Other debtors & prepayments 877,872 482,611
1,187,503 1,192,574

Geku U.K. Limited (Registered number: 03047206)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,736 13,026
Trade creditors 101,771 109,881
Taxation and social security 170,270 179,020
Other creditors & accruals 808,749 928,344
1,094,526 1,230,271

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 73,921 87,659

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 26,284

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 87,657 100,685

Bank loans and overdrafts are secured by a fixed and floating charge on the property, book debts and a debenture over all other assets.

9. RESERVES
Revaluation
reserve
£   
At 1st January 2023
and 31st December 2023 646,885