2023-04-012024-03-312024-03-31false13258431GYIM 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GYIM LTD

Registered Number
13258431
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

GYIM LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

ADJEI GYIMAH, Seth
GYIMAH, Opeoluwa Mopelola

Registered Address

Unit A 82 James Carter Road
Mildenhall
Suffolk
IP28 7DE

Registered Number

13258431 (England and Wales)
GYIM LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3206,473-
206,473-
Current assets
Debtors-2
Cash at bank and on hand8,126-
8,1262
Creditors amounts falling due within one year4(64,215)-
Net current assets (liabilities)(56,089)2
Total assets less current liabilities150,3842
Creditors amounts falling due after one year5(154,877)-
Net assets(4,493)2
Capital and reserves
Called up share capital22
Profit and loss account(4,495)-
Shareholders' funds(4,493)2
The financial statements were approved and authorised for issue by the Board of Directors on 3 October 2024, and are signed on its behalf by:
GYIMAH, Opeoluwa Mopelola
Director
Registered Company No. 13258431
GYIM LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received. Turnover includes revenue earned from the rental of freehold property.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
Additions206,473
At 31 March 24206,473
Net book value
At 31 March 24206,473
At 31 March 23-
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties63,495-
Accrued liabilities and deferred income720-
Total64,215-
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts154,877-
Total154,877-
6.Related party transactions
At the year-end, a balance of £63,495 was owed to the directors.