Company Registration No. 12307252 (England and Wales)
GULLY POINT LIMITED
Unaudited accounts
for the year ended 30 November 2023
GULLY POINT LIMITED
Unaudited accounts
Contents
GULLY POINT LIMITED
Company Information
for the year ended 30 November 2023
Directors
Praveen Kumar GATTU
Karunakar NAGULA
Susmitha VALLURU
Company Number
12307252 (England and Wales)
Registered Office
3 Foxglove Avenue
Chelmsford
Essex
CM1 4FX
England
Accountants
JSM Accountants and Tax Advisors
1 Peach Place
Wokingham
RG40 1lY
GULLY POINT LIMITED
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
2,346
-
Creditors: amounts falling due within one year
(146,892)
-
Net current (liabilities)/assets
(144,545)
1
Net (liabilities)/assets
(63,545)
1
Called up share capital
1
1
Profit and loss account
(63,546)
-
Shareholders' funds
(63,545)
1
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 29 November 2024 and were signed on its behalf by
Karunakar NAGULA
Director
Company Registration No. 12307252
GULLY POINT LIMITED
Notes to the Accounts
for the year ended 30 November 2023
GULLY POINT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12307252. The registered office is 3 Foxglove Avenue, Chelmsford, Essex, CM1 4FX, 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.
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.
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:
4
Tangible fixed assets
Plant & machinery
At 30 November 2023
81,000
At 30 November 2023
81,000
Amounts falling due after more than one year
GULLY POINT LIMITED
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
22,896
-
Taxes and social security
3,674
-
Loans from directors
112,768
-
7
Average number of employees
During the year the average number of employees was 4 (2022: 0).