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Company Registration No. 1355336 (England and Wales)
GUNDERSEN ENTERPRISES LIMITED Unaudited accounts for the year ended 31 March 2024
GUNDERSEN ENTERPRISES LIMITED Unaudited accounts Contents
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GUNDERSEN ENTERPRISES LIMITED Company Information for the year ended 31 March 2024
Directors
V Gundersen M Gundersen S Gundersen
Secretary
S Gundersen
Company Number
1355336 (England and Wales)
Registered Office
9 Bridgewater Road Sully Vale Of Glamorgan CF64 5RE
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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GUNDERSEN ENTERPRISES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
101,013 
134,616 
Investment property
339,970 
- 
440,983 
134,616 
Current assets
Inventories
53,500 
53,500 
Debtors
17,071 
23,811 
Cash at bank and in hand
11,383 
451,602 
81,954 
528,913 
Creditors: amounts falling due within one year
(61,580)
(125,148)
Net current assets
20,374 
403,765 
Total assets less current liabilities
461,357 
538,381 
Creditors: amounts falling due after more than one year
(13,098)
(23,289)
Net assets
448,259 
515,092 
Capital and reserves
Called up share capital
12,000 
12,000 
Profit and loss account
436,259 
503,092 
Shareholders' funds
448,259 
515,092 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by
M Gundersen Director Company Registration No. 1355336
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GUNDERSEN ENTERPRISES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
GUNDERSEN ENTERPRISES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 1355336. The registered office is 9 Bridgewater Road, Sully, Vale Of Glamorgan, CF64 5RE.
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 provision of services is recognised by reference to the stage of completion of the contract.
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:
Plant & machinery
25% reducing balance
Motor vehicles
4 years
Fixtures & fittings
15% reducing balance
Computer equipment
3 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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GUNDERSEN ENTERPRISES LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
323,433 
187,070 
20,332 
14,766 
545,601 
At 31 March 2024
323,433 
187,070 
20,332 
14,766 
545,601 
Depreciation
At 1 April 2023
205,356 
174,310 
19,835 
11,484 
410,985 
Charge for the year
29,519 
3,190 
74 
820 
33,603 
At 31 March 2024
234,875 
177,500 
19,909 
12,304 
444,588 
Net book value
At 31 March 2024
88,558 
9,570 
423 
2,462 
101,013 
At 31 March 2023
118,077 
12,760 
497 
3,282 
134,616 
5
Investment property
2024 
£ 
Additions
339,970 
At 31 March 2024
339,970 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,671 
4,352 
Trade debtors
9,510 
16,569 
Amounts due from group undertakings etc.
2,890 
2,890 
17,071 
23,811 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,191 
9,936 
Trade creditors
8,250 
- 
Taxes and social security
2,836 
23,770 
Other creditors
985 
3,583 
Loans from directors
36,318 
81,859 
Accruals
3,000 
6,000 
61,580 
125,148 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,098 
23,289 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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