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REGISTERED NUMBER: 06945481 (England and Wales)












Gadget Epoint (UK) Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






Gadget Epoint (UK) Limited (Registered number: 06945481)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Gadget Epoint (UK) Limited

Company Information
for the Year Ended 31 August 2023







Director: B P Te





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 06945481 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Gadget Epoint (UK) Limited (Registered number: 06945481)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 25 34

Current assets
Stocks 5 1,000 2,900
Debtors 6 6,974 3,686
Cash at bank - 3
7,974 6,589
Creditors
Amounts falling due within one year 7 13,546 6,527
Net current (liabilities)/assets (5,572 ) 62
Total assets less current liabilities (5,547 ) 96

Capital and reserves
Called up share capital 1 1
Retained earnings (5,548 ) 95
Shareholders' funds (5,547 ) 96

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Gadget Epoint (UK) Limited (Registered number: 06945481)

Balance Sheet - continued
31 August 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 director and authorised for issue on 8 July 2024 and were signed by:





B P Te - Director


Gadget Epoint (UK) Limited (Registered number: 06945481)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. Statutory information

Gadget Epoint (UK) 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.

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 - 25% on reducing balance

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

Going concern
The financial statements have been prepared on a going concern basis on the grounds that the director will continue to provide sufficient finance to enable the company to continue trading for the foreseeable future.

3. Employees and directors

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

Gadget Epoint (UK) Limited (Registered number: 06945481)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 September 2022
and 31 August 2023 899
Depreciation
At 1 September 2022 865
Charge for year 9
At 31 August 2023 874
Net book value
At 31 August 2023 25
At 31 August 2022 34

5. Stocks
31.8.23 31.8.22
£    £   
Stock 1,000 2,900

6. Debtors: amounts falling due within one year
31.8.23 31.8.22
£    £   
Other debtors 6,974 3,686

7. Creditors: amounts falling due within one year
31.8.23 31.8.22
£    £   
Taxation and social security 8,034 5,957
Other creditors 5,512 570
13,546 6,527

Gadget Epoint (UK) Limited (Registered number: 06945481)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
B P Te
Balance outstanding at start of year 3,686 3,748
Amounts advanced 6,579 12,139
Amounts repaid (5,051 ) (12,201 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,214 3,686