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REGISTERED NUMBER: 08344686 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Gkf Mfg Ltd

Gkf Mfg Ltd (Registered number: 08344686)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gkf Mfg Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Ms R K Kanwar





REGISTERED OFFICE: 9 Shottery Brook Office Park
Timothys Bridge Road
Stratford Enterprise Park
Stratford-Upon-Avon
CV37 9NR





REGISTERED NUMBER: 08344686 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR

Gkf Mfg Ltd (Registered number: 08344686)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,479 47,479
Tangible assets 5 78,005 102,903
120,484 150,382

CURRENT ASSETS
Stocks 476,800 300,452
Debtors 6 197,125 287,621
Cash at bank and in hand 71,463 73,995
745,388 662,068
CREDITORS
Amounts falling due within one year 7 821,619 779,358
NET CURRENT LIABILITIES (76,231 ) (117,290 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,253

33,092

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 44,153 32,992
SHAREHOLDERS' FUNDS 44,253 33,092

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

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

The director acknowledges her 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 22 October 2024 and were signed by:





Ms R K Kanwar - Director


Gkf Mfg Ltd (Registered number: 08344686)

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

1. STATUTORY INFORMATION

Gkf Mfg Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The financial statements have been prepared on a going concern basis.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 etc - 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Gkf Mfg Ltd (Registered number: 08344686)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 50,000
AMORTISATION
At 1 February 2023 2,521
Charge for year 5,000
At 31 January 2024 7,521
NET BOOK VALUE
At 31 January 2024 42,479
At 31 January 2023 47,479

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 119,994
Additions 923
At 31 January 2024 120,917
DEPRECIATION
At 1 February 2023 17,091
Charge for year 25,821
At 31 January 2024 42,912
NET BOOK VALUE
At 31 January 2024 78,005
At 31 January 2023 102,903

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 86,556 267,621
Other debtors 63,069 -
149,625 267,621

Gkf Mfg Ltd (Registered number: 08344686)

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

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 47,500 20,000

Aggregate amounts 197,125 287,621

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 579,363 590,934
Taxation and social security 232,093 163,108
Other creditors 10,163 25,316
821,619 779,358

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ORDINARY 1 100 100