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Registration number: 07451812

Gunt Technology Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

Gunt Technology Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Gunt Technology Limited

Company Information

Directors

R P Heckmann

C P Heckmann

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Gunt Technology Limited

(Registration number: 07451812)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

69,193

30,439

Current assets

 

Debtors

5,552

447,494

Cash at bank and in hand

 

1,166,511

867,759

 

1,172,063

1,315,253

Creditors: Amounts falling due within one year

(335,062)

(424,277)

Net current assets

 

837,001

890,976

Total assets less current liabilities

 

906,194

921,415

Creditors: Amounts falling due after more than one year

(1,055,032)

(1,055,032)

Net liabilities

 

(148,838)

(133,617)

Capital and reserves

 

Called up share capital

20

20

Retained earnings

(148,858)

(133,637)

Shareholders' deficit

 

(148,838)

(133,617)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 26 September 2024 and signed on its behalf by:
 

 

Gunt Technology Limited

(Registration number: 07451812)
Abridged Balance Sheet as at 31 December 2023

.........................................
R P Heckmann
Director

   
     
 

Gunt Technology Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on cost

 

Gunt Technology Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Motor vehicles

25% on reducing balance

Office equipment

33.3% on cost

Fixtures and fittings

25% on cost

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 4).

 

Gunt Technology Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

3

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 January 2023

-

7,668

18,473

50,538

Additions

10,286

29,125

26,005

-

At 31 December 2023

10,286

36,793

44,478

50,538

Depreciation

At 1 January 2023

-

7,668

16,812

21,760

Charge for the year

2,572

7,281

9,615

7,194

At 31 December 2023

2,572

14,949

26,427

28,954

Carrying amount

At 31 December 2023

7,714

21,844

18,051

21,584

At 31 December 2022

-

-

1,661

28,778

Total
£

Cost or valuation

At 1 January 2023

76,679

Additions

65,416

At 31 December 2023

142,095

Depreciation

At 1 January 2023

46,240

Charge for the year

26,662

At 31 December 2023

72,902

Carrying amount

At 31 December 2023

69,193

At 31 December 2022

30,439

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £0.20 each

100

20

100

20