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REGISTERED NUMBER: 14614856 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

24 JANUARY 2023 TO 31 JANUARY 2024

FOR

GOKYUZU ACTON LIMITED

GOKYUZU ACTON LIMITED (REGISTERED NUMBER: 14614856)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


GOKYUZU ACTON LIMITED (REGISTERED NUMBER: 14614856)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 708,937

CURRENT ASSETS
Inventories 42,690
Debtors 5 700,124
Cash at bank and in hand 353,163
1,095,977
CREDITORS
Amounts falling due within one year 6 908,215
NET CURRENT ASSETS 187,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

896,699

CREDITORS
Amounts falling due after more than one year 7 (240,934 )

PROVISIONS FOR LIABILITIES 10 (121,477 )
NET ASSETS 534,288

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 534,188
SHAREHOLDERS' FUNDS 534,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:




Mr V Yavuz - Director


GOKYUZU ACTON LIMITED (REGISTERED NUMBER: 14614856)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024

1. STATUTORY INFORMATION

Gokyuzu Acton Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14614856

Registered office: 1 Kings Avenue
London
N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue is recognised when services are rendered to the customers.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Short leasehold - 15 years on straight line basis
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.


GOKYUZU ACTON LIMITED (REGISTERED NUMBER: 14614856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value

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 and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 32 .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
Additions 260,807 126,652 321,478 708,937
At 31 January 2024 260,807 126,652 321,478 708,937
NET BOOK VALUE
At 31 January 2024 260,807 126,652 321,478 708,937

GOKYUZU ACTON LIMITED (REGISTERED NUMBER: 14614856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 16,731
Other debtors 683,393
700,124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 31,417
Trade creditors 211,546
Taxation and social security 374,474
Other creditors 290,778
908,215

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 240,934

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 180,000
Between one and five years 720,000
In more than five years 1,620,000
2,520,000

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 272,351

Bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge

10. PROVISIONS FOR LIABILITIES
£   
Deferred tax 121,477

Deferred
tax
£   
Provided during period 121,477
Balance at 31 January 2024 121,477

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in the other debtors due within one year is an amount of £365,000 due from the director of the company. Interest at the rate of 2.25% has been charged on the overdrawn balance.

GOKYUZU ACTON LIMITED (REGISTERED NUMBER: 14614856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024

12. RELATED PARTY DISCLOSURES

Included in the other debtors due within one year is an amount of £145,000 due from connected companies under common control. The loan remains interest free and repayable on demand.

Included in the other creditors due within one year is an amount of £20,139 due to connected companies under common control.The loan remains interest free and repayable on demand.