2023-03-012024-02-292024-02-29false07912716G S KULAR 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G S KULAR LIMITED

Registered Number
07912716
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

G S KULAR LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

KULAR, Gurpreet

Company Secretary

KULAR, Rupan

Registered Address

9 Beechlands Taverham
Norwich
NR8 6SZ

Registered Number

07912716 (England and Wales)
G S KULAR LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3254,475254,475
Investments4600,000600,000
854,475854,475
Current assets
Debtors41,34547,258
Cash at bank and on hand4,9698,083
46,31455,341
Creditors amounts falling due within one year5(563,822)(563,839)
Net current assets (liabilities)(517,508)(508,498)
Total assets less current liabilities336,967345,977
Creditors amounts falling due after one year6(312,534)(316,105)
Net assets24,43329,872
Capital and reserves
Called up share capital100100
Profit and loss account24,33329,772
Shareholders' funds24,43329,872
The financial statements were approved and authorised for issue by the Director on 29 November 2024, and are signed on its behalf by:
KULAR, Gurpreet
Director
Registered Company No. 07912716
G S KULAR LIMITED
Notes to the Financial Statements
for the year ended 29 February 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

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

Land & buildings

Total

££
Cost or valuation
At 01 March 23254,475254,475
At 29 February 24254,475254,475
Net book value
At 29 February 24254,475254,475
At 28 February 23254,475254,475
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 March 23600,000600,000
At 29 February 24600,000600,000
Net book value
At 29 February 24600,000600,000
At 28 February 23600,000600,000

Notes

1Investments in group undertakings and participating interests
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts17,21317,213
Other creditors545,859545,876
Accrued liabilities and deferred income750750
Total563,822563,839
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts132,534136,105
Other creditors180,000180,000
Total312,534316,105