2022-12-012023-11-302023-11-30false04881063GUSTO DESIGN 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GUSTO DESIGN LIMITED

Registered Number
04881063
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

GUSTO DESIGN LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

BARRON, Neil Anthony, Professor
KRAFT, Claudia

Company Secretary

BARRON, Neil Anthony, Professor

Registered Address

East Pilton House
Pilton, Rhossili
Swansea
SA3 1PQ

Registered Number

04881063 (England and Wales)
GUSTO DESIGN LIMITED
Statement of Financial Position
30 November 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors5-
5-
Creditors amounts falling due within one year4(27,314)(9,172)
Net current assets (liabilities)(27,309)(9,172)
Total assets less current liabilities(27,309)(9,172)
Creditors amounts falling due after one year5-(10,756)
Net assets(27,309)(19,928)
Capital and reserves
Called up share capital22
Profit and loss account(27,311)(19,930)
Shareholders' funds(27,309)(19,928)
The financial statements were approved and authorised for issue by the Board of Directors on 28 November 2024, and are signed on its behalf by:
BARRON, Neil Anthony, Professor
Director
KRAFT, Claudia
Director

Registered Company No. 04881063
GUSTO DESIGN LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

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.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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

20232022
Average number of employees during the year00
3.Tangible fixed assets
4.Creditors: amounts due within one year

2023

2022

££
Taxation and social security122155
Other creditors26,5929,017
Accrued liabilities and deferred income600-
Total27,3149,172
5.Creditors: amounts due after one year

2023

2022

££
Other creditors-10,756
Total-10,756