2023-06-122024-06-302024-06-30false14930671GUNNEL 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GUNNEL LTD

Registered Number
14930671
(England and Wales)

Unaudited Financial Statements for the Period ended
30 June 2024

GUNNEL LTD
Company Information
for the period from 12 June 2023 to 30 June 2024

Directors

GREMEL, Joseph Patrick Louis
GUNSON, Jonathan

Company Secretary

GUNSON, Jonathan

Registered Address

Unit H Vendas Farm
Chedburgh
Bury St. Edmunds
IP29 4UR

Registered Number

14930671 (England and Wales)
GUNNEL LTD
Statement of Financial Position
30 June 2024

Notes

2024

£

£

Fixed assets
Tangible assets3944
944
Current assets
Debtors44,516
Cash at bank and on hand30,209
34,725
Creditors amounts falling due within one year5(30,037)
Net current assets (liabilities)4,688
Total assets less current liabilities5,632
Net assets5,632
Capital and reserves
Called up share capital100
Profit and loss account5,532
Shareholders' funds5,632
The financial statements were approved and authorised for issue by the Board of Directors on 12 November 2024, and are signed on its behalf by:
GREMEL, Joseph Patrick Louis
Director
GUNSON, Jonathan
Director

Registered Company No. 14930671
GUNNEL LTD
Notes to the Financial Statements
for the period ended 30 June 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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

2024
Average number of employees during the year1
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
Additions1,1801,180
At 30 June 241,1801,180
Depreciation and impairment
Charge for year236236
At 30 June 24236236
Net book value
At 30 June 24944944
At 11 June 23--
4.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables4,516
Total4,516
5.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables5,174
Taxation and social security10,863
Dividends payable14,000
Total30,037
6.Controlling party
During the current year, the company was controlled by the Director Mrs Jonathan Gunson and MrJoseph Gremel by virtue of the ownership of the entire share capital.