GONGGAM BN LIMITED

Company Registration Number:
10724059 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

GONGGAM BN LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

GONGGAM BN LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 88,928 99,344
Tangible assets: 4 93,596 53,514
Total fixed assets: 182,524 152,858
Current assets
Stocks: 2,650 2,250
Debtors:   35,897 35,840
Cash at bank and in hand: 182,994 219,237
Total current assets: 221,541 257,327
Creditors: amounts falling due within one year:   (102,006) (102,598)
Net current assets (liabilities): 119,535 154,729
Total assets less current liabilities: 302,059 307,587
Creditors: amounts falling due after more than one year:   (50,000) (50,000)
Total net assets (liabilities): 252,059 257,587
Capital and reserves
Called up share capital: 100 1
Profit and loss account: 251,959 257,586
Shareholders funds: 252,059 257,587

The notes form part of these financial statements

GONGGAM BN LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 January 2025
and signed on behalf of the board by:

Name: G W Ko
Status: Director

The notes form part of these financial statements

GONGGAM BN LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvement to property: 20% on reducing balance basis Fixtures & fittings : 20% on reducing balance basis Plant & machinery : 25% on reducing balance basis

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of eight years.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

GONGGAM BN LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 28 20

GONGGAM BN LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Intangible Assets

Total
Cost £
At 01 May 2023 134,000
At 30 April 2024 134,000
Amortisation
At 01 May 2023 34,656
Charge for year 10,416
At 30 April 2024 45,072
Net book value
At 30 April 2024 88,928
At 30 April 2023 99,344

GONGGAM BN LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible Assets

Total
Cost £
At 01 May 2023 113,267
Additions 64,016
At 30 April 2024 177,283
Depreciation
At 01 May 2023 59,753
Charge for year 23,934
At 30 April 2024 83,687
Net book value
At 30 April 2024 93,596
At 30 April 2023 53,514