Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-01falseNo description of principal activity99falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06893288 2023-05-01 2024-04-30 06893288 2022-05-01 2023-04-30 06893288 2024-04-30 06893288 2023-04-30 06893288 c:Director1 2023-05-01 2024-04-30 06893288 c:RegisteredOffice 2023-05-01 2024-04-30 06893288 d:MotorVehicles 2023-05-01 2024-04-30 06893288 d:MotorVehicles 2024-04-30 06893288 d:MotorVehicles 2023-04-30 06893288 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06893288 d:FurnitureFittings 2023-05-01 2024-04-30 06893288 d:FurnitureFittings 2024-04-30 06893288 d:FurnitureFittings 2023-04-30 06893288 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06893288 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06893288 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 06893288 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06893288 d:ShareCapital 2024-04-30 06893288 d:ShareCapital 2023-04-30 06893288 d:RetainedEarningsAccumulatedLosses 2024-04-30 06893288 d:RetainedEarningsAccumulatedLosses 2023-04-30 06893288 c:OrdinaryShareClass1 2023-05-01 2024-04-30 06893288 c:OrdinaryShareClass1 2024-04-30 06893288 c:OrdinaryShareClass1 2023-04-30 06893288 c:FRS102 2023-05-01 2024-04-30 06893288 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06893288 c:AbridgedAccounts 2023-05-01 2024-04-30 06893288 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06893288 2 2023-05-01 2024-04-30 06893288 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06893288










GUNAYUK LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 30 April 2024

 
GUNAYUK LIMITED
 

Company Information


Director
F Gunay 




Registered number
06893288



Registered office
c/o Lokanta
478-480 Glossop Road

Sheffield

S10 2QA





 
GUNAYUK LIMITED
Registered number: 06893288

Balance sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,182
13,185

  
12,182
13,185

Current assets
  

Stocks
  
1,200
1,500

Debtors
  
50,263
22,231

Cash at bank and in hand
  
53,860
112,155

  
105,323
135,886

Creditors: amounts falling due within one year
  
(63,171)
(71,285)

Net current assets
  
 
 
42,152
 
 
64,601

Total assets less current liabilities
  
54,334
77,786

Provisions for liabilities
  
(2,315)
(3,297)

Net assets
  
52,019
74,489


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
52,017
74,487

  
52,019
74,489


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 January 2025.


F Gunay
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
GUNAYUK LIMITED
 

 
Notes to the financial statements
For the year ended 30 April 2024

1.


General information

GunayUK Limited is a private company limited by shares incorporated in England within the United Kingdom.  The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
GUNAYUK LIMITED
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

Current tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.  It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods.  It is recognised in respect of all timing differences, with certain exceptions.  Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.  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 balance sheet date that are expected to apply to the reversal of timing differences.  Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Motor vehicles
-
20% reducing balance
Fixtures & fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
GUNAYUK LIMITED
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
GUNAYUK LIMITED
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 -9).


4.


Tangible fixed assets





Fixtures, fittings and equipment
Motor vehicle
Total

£
£
£



Cost or valuation


At 1 May 2023
28,396
17,709
46,105


Additions
1,188
-
1,188



At 30 April 2024

29,584
17,709
47,293



Depreciation


At 1 May 2023
17,017
15,903
32,920


Charge for the year on owned assets
1,830
361
2,191



At 30 April 2024

18,847
16,264
35,111



Net book value



At 30 April 2024
10,737
1,445
12,182



At 30 April 2023
11,379
1,806
13,185

Page 5

 
GUNAYUK LIMITED
 

 
Notes to the financial statements
For the year ended 30 April 2024

5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 -2) Ordinary shares of £1 each
2
2



6.


Related party transactions

Included in other debtors is a loan to the director in the sum of £31,934 (2023 £2,437). The loan is unsecured, bears interest at a rate of 2.25% and is repayable on demand.


Page 6