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Company Registration No. 14169351 (England and Wales)
GOBUZINESS LTD Unaudited accounts for the year ended 31 March 2024
GOBUZINESS LTD Unaudited accounts Contents
Page
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GOBUZINESS LTD Company Information for the year ended 31 March 2024
Director
Mr Ayman SHEHATA
Company Number
14169351 (England and Wales)
Registered Office
13 PRIORY STREET PILAS Y MILWR CARMARTHEN WALES SA31 1AG UNITED KINGDOM
Accountants
Fabaci Financial Ltd 30 Ebbett Court Victoria Road London W3 6BW
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GOBUZINESS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
- 
18,282 
Creditors: amounts falling due within one year
(120)
(18,005)
Net current (liabilities)/assets
(120)
277 
Net (liabilities)/assets
(120)
277 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(121)
276 
Shareholders' funds
(120)
277 
For the year ending 31 March 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 12 July 2024 and were signed on its behalf by
Mr Ayman SHEHATA Director Company Registration No. 14169351
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GOBUZINESS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
GOBUZINESS LTD is a private company, limited by shares, registered in England and Wales, registration number 14169351. The registered office is 13 PRIORY STREET, PILAS Y MILWR, CARMARTHEN, WALES, SA31 1AG, UNITED KINGDOM.
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 British pound sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
85 
Taxes and social security
- 
1,149 
Loans from directors
(324)
16,476 
Accruals
444 
295 
120 
18,005 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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GOBUZINESS LTD Notes to the Accounts for the year ended 31 March 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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