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REGISTERED NUMBER: 07430798 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024

FOR

GUNALT LIMITED

GUNALT LIMITED (REGISTERED NUMBER: 07430798)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 December 2022 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GUNALT LIMITED

COMPANY INFORMATION
for the Period 1 December 2022 to 31 May 2024







DIRECTOR: R N Church





SECRETARY: Mrs M Church





REGISTERED OFFICE: Hard Cragg Farmhouse
High Brow Edge
Backbarrow
Ulverston
LA12 8QY





REGISTERED NUMBER: 07430798 (England and Wales)





ACCOUNTANT: Richard Kyte Associates
Chartered Certified Accountant
126 Weyhill Road
Andover
Hampshire
SP10 3BE

GUNALT LIMITED (REGISTERED NUMBER: 07430798)

BALANCE SHEET
31 May 2024

31.5.24 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,876

CURRENT ASSETS
Debtors 5 237 2,191
Cash at bank 213,174 291,777
213,411 293,968
CREDITORS
Amounts falling due within one year 6 39,698 51,130
NET CURRENT ASSETS 173,713 242,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,713

244,714

PROVISIONS FOR LIABILITIES 7 - 356
NET ASSETS 173,713 244,358

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 173,712 244,357
SHAREHOLDERS' FUNDS 173,713 244,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20 September 2024 and were signed by:





R N Church - Director


GUNALT LIMITED (REGISTERED NUMBER: 07430798)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 December 2022 to 31 May 2024

1. STATUTORY INFORMATION

Gunalt 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.

Turnover
Turnover represents amounts chargeable in respect of the sale of goods and services to customers falling under the principal activities of the company.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 December 2022 1,907
Additions 1,868
Disposals (3,775 )
At 31 May 2024 -
DEPRECIATION
At 1 December 2022 31
Charge for period 912
Eliminated on disposal (943 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 30 November 2022 1,876

GUNALT LIMITED (REGISTERED NUMBER: 07430798)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 December 2022 to 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.11.22
£    £   
Other debtors 237 -
VAT - 2,191
237 2,191

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.11.22
£    £   
Tax - 46,933
Social security and other taxes 370 626
Other creditors and accruals 3,310 480
Directors' current accounts 36,018 3,091
39,698 51,130

7. PROVISIONS FOR LIABILITIES
31.5.24 30.11.22
£    £   
Deferred tax - 356

Deferred
tax
£   
Balance at 1 December 2022 356
Utilised during period (356 )
Balance at 31 May 2024 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 30.11.22
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 December 2022 244,357
Deficit for the period (20,645 )
Dividends (50,000 )
At 31 May 2024 173,712

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £50,000 (2022 - £2,000) were paid to the director .

GUNALT LIMITED (REGISTERED NUMBER: 07430798)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 December 2022 to 31 May 2024

10. RELATED PARTY DISCLOSURES - continued

The company was under the control of Mr R Church, the sole director, throughout the current and previous year by virtue of his 100% shareholding.

At the balance sheet date Mr R Church was owed £36,018 from the company.







11. ULTIMATE CONTROLLING PARTY

The controlling party is R N Church.