Company Registration No. 9186534 (England and Wales)
GD Funding Limited
Unaudited accounts
for the year ended 30 October 2023
GD Funding Limited
Unaudited accounts
Contents
GD Funding Limited
Company Information
for the year ended 30 October 2023
Company Number
9186534 (England and Wales)
Registered Office
UNIT 2D MEAD WAY
PADIHAM
BURNLEY
BB12 7NG
ENGLAND
Accountants
Walling Accountants
Unit 1B Hallidays Farm
Bilsborrow
Preston
PR3 0RU
GD Funding Limited
Statement of financial position
as at 30 October 2023
Cash at bank and in hand
415
2,530
Creditors: amounts falling due within one year
(42,967)
(32,269)
Net current liabilities
(42,276)
(18,789)
Total assets less current liabilities
(42,276)
(18,240)
Creditors: amounts falling due after more than one year
(24,911)
(34,283)
Net liabilities
(67,187)
(52,523)
Called up share capital
1,000
1,000
Profit and loss account
(68,187)
(53,523)
Shareholders' funds
(67,187)
(52,523)
For the year ending 30 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 September 2024 and were signed on its behalf by
Graham Chadwick
Director
Company Registration No. 9186534
GD Funding Limited
Notes to the Accounts
for the year ended 30 October 2023
GD Funding Limited is a private company, limited by shares, registered in England and Wales, registration number 9186534. The registered office is UNIT 2D MEAD WAY, PADIHAM, BURNLEY, BB12 7NG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
GD Funding Limited
Notes to the Accounts
for the year ended 30 October 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 October 2022
1,587
1,686
3,273
Disposals
(1,587)
(1,686)
(3,273)
At 31 October 2022
1,587
1,137
2,724
On disposals
(1,587)
(1,137)
(2,724)
At 30 October 2022
-
549
549
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,613
3,712
Amounts owed to group undertakings and other participating interests
16,696
-
Taxes and social security
6,338
12,716
Other creditors
12,084
12,085
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).