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Company Registration No. 14498601 (England and Wales)
Gospec Limited Unaudited accounts for the year ended 30 November 2024
Gospec Limited Unaudited accounts Contents
Page
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Gospec Limited Company Information for the year ended 30 November 2024
Director
Robert Goddard
Company Number
14498601 (England and Wales)
Registered Office
4 Carina Drive Angmering Littlehampton West Sussex BN16 4NP England
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Gospec Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,290 
693 
Current assets
Inventories
23,625 
36,316 
Debtors
15,198 
20,972 
Cash at bank and in hand
3,963 
11,098 
42,786 
68,386 
Creditors: amounts falling due within one year
(9,346)
(9,688)
Net current assets
33,440 
58,698 
Total assets less current liabilities
34,730 
59,391 
Creditors: amounts falling due after more than one year
(23,341)
(58,762)
Net assets
11,389 
629 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
11,379 
619 
Shareholders' funds
11,389 
629 
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 14 January 2025 and were signed on its behalf by
Robert Goddard Director Company Registration No. 14498601
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Gospec Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Gospec Limited is a private company, limited by shares, registered in England and Wales, registration number 14498601. The registered office is 4 Carina Drive, Angmering, Littlehampton, West Sussex, BN16 4NP, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
Straight Line over 3 years
Computer equipment
Straight line over 3 years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
- 
- 
1,040 
1,040 
Additions
167 
833 
- 
1,000 
At 30 November 2024
167 
833 
1,040 
2,040 
Depreciation
At 1 December 2023
- 
- 
347 
347 
Charge for the year
56 
- 
347 
403 
At 30 November 2024
56 
- 
694 
750 
Net book value
At 30 November 2024
111 
833 
346 
1,290 
At 30 November 2023
- 
- 
693 
693 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
23,625 
36,316 
23,625 
36,316 
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Gospec Limited Notes to the Accounts for the year ended 30 November 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,758 
20,515 
Other debtors
1,440 
457 
15,198 
20,972 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,245 
892 
Taxes and social security
2,501 
8,196 
Accruals
600 
600 
9,346 
9,688 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
23,341 
58,762 
9
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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