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
GUNDERSEN ENTERPRISES LIMITED
Company Information
for the year ended 31 March 2024
Directors
V Gundersen
M Gundersen
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
GUNDERSEN ENTERPRISES LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
101,013
134,616
Investment property
339,970
-
Cash at bank and in hand
11,383
451,602
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
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
GUNDERSEN ENTERPRISES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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 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
Fixtures & fittings
15% reducing balance
Computer equipment
3 years
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 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 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.
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
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
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
Amounts falling due within one year
Trade debtors
9,510
16,569
Amounts due from group undertakings etc.
2,890
2,890
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,191
9,936
Taxes and social security
2,836
23,770
Loans from directors
36,318
81,859
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).