31 October 2022 false No description of principal activity Taxfiler 2024.6 9186534business:PrivateLimitedCompanyLtd2022-10-312023-10-30 91865342022-10-30 91865342022-10-312023-10-30 9186534business:AuditExemptWithAccountantsReport2022-10-312023-10-30 9186534business:FilletedAccounts2022-10-312023-10-30 91865342023-10-30 9186534business:Director12022-10-312023-10-30 9186534business:RegisteredOffice2022-10-312023-10-30 91865342022-10-30 9186534core:WithinOneYear2023-10-30 9186534core:WithinOneYear2022-10-30 9186534core:AfterOneYear2023-10-30 9186534core:AfterOneYear2022-10-30 9186534core:ShareCapitalcore:PreviouslyStatedAmount2023-10-30 9186534core:ShareCapitalcore:PreviouslyStatedAmount2022-10-30 9186534core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-30 9186534core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-30 9186534core:PreviouslyStatedAmount2023-10-30 9186534core:PreviouslyStatedAmount2022-10-30 9186534business:SmallEntities2022-10-312023-10-30 9186534countries:EnglandWales2022-10-312023-10-30 9186534core:ComputerEquipment2022-10-312023-10-30 9186534core:PlantMachinery2022-10-30 9186534core:ComputerEquipment2022-10-30 9186534core:PlantMachinery2022-10-312023-10-30 9186534core:PlantMachinery2023-10-30 9186534core:ComputerEquipment2023-10-30 91865342021-10-312022-10-30 iso4217:GBP xbrli:pure
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
Page
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GD Funding Limited Company Information for the year ended 30 October 2023
Director
Graham Chadwick
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
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GD Funding Limited Statement of financial position as at 30 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
549 
Current assets
Debtors
276 
10,950 
Cash at bank and in hand
415 
2,530 
691 
13,480 
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)
Capital and reserves
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
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GD Funding Limited Notes to the Accounts for the year ended 30 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Financial instruments
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
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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 30 October 2023
- 
- 
- 
Depreciation
At 31 October 2022
1,587 
1,137 
2,724 
On disposals
(1,587)
(1,137)
(2,724)
At 30 October 2023
- 
- 
- 
Net book value
At 30 October 2023
- 
- 
- 
At 30 October 2022
- 
549 
549 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,158 
Other debtors
276 
9,792 
276 
10,950 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,613 
3,712 
VAT
136 
3,107 
Trade creditors
100 
649 
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 
42,967 
32,269 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,911 
34,283 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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