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REGISTERED NUMBER: 04049518 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Go-Gum Limited

Go-Gum Limited (Registered number: 04049518)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Go-Gum Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr R Dixon





REGISTERED OFFICE: 124 City Road
London
London
EC1V 2NX





REGISTERED NUMBER: 04049518 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Go-Gum Limited (Registered number: 04049518)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 850 479

CURRENT ASSETS
Debtors 5 26,208 31,702
Cash at bank 7,255 5,478
33,463 37,180
CREDITORS
Amounts falling due within one year 6 20,499 21,494
NET CURRENT ASSETS 12,964 15,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,814

16,165

CREDITORS
Amounts falling due after more than one
year

7

(13,594

)

(15,945

)

PROVISIONS FOR LIABILITIES (162 ) (91 )
NET ASSETS 58 129

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 57 128
SHAREHOLDERS' FUNDS 58 129

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Go-Gum Limited (Registered number: 04049518)

Statement of Financial Position - continued
31 July 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





Mr R Dixon - Director


Go-Gum Limited (Registered number: 04049518)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Go-Gum 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 33% on cost and 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Go-Gum Limited (Registered number: 04049518)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2023 258 2,386 2,644
Additions - 625 625
At 31 July 2024 258 3,011 3,269
DEPRECIATION
At 1 August 2023 207 1,958 2,165
Charge for year 5 249 254
At 31 July 2024 212 2,207 2,419
NET BOOK VALUE
At 31 July 2024 46 804 850
At 31 July 2023 51 428 479

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 13,201 18,030
Other debtors 13,007 13,672
26,208 31,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 2,531 2,531
Trade creditors 13,375 11,467
Taxation and social security 3,834 6,135
Other creditors 759 1,361
20,499 21,494

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 13,594 15,945

Go-Gum Limited (Registered number: 04049518)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,469 5,820

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 16,125 18,476

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC..

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mr R Dixon
Balance outstanding at start of year 10,076 10,934
Amounts advanced 17,111 15,247
Amounts repaid (17,497 ) (16,105 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,690 10,076