1 May 2023 false No description of principal activity Taxfiler 2024.6 04486920business:PrivateLimitedCompanyLtd2023-05-012024-04-30 044869202023-04-30 044869202023-05-012024-04-30 04486920business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 04486920business:FilletedAccounts2023-05-012024-04-30 044869202024-04-30 04486920business:Director12023-05-012024-04-30 04486920business:RegisteredOffice2023-05-012024-04-30 044869202023-04-30 04486920core:WithinOneYear2024-04-30 04486920core:WithinOneYear2023-04-30 04486920core:AfterOneYear2024-04-30 04486920core:AfterOneYear2023-04-30 04486920core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 04486920core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 04486920core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 04486920core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 04486920core:PreviouslyStatedAmount2024-04-30 04486920core:PreviouslyStatedAmount2023-04-30 04486920business:SmallEntities2023-05-012024-04-30 04486920countries:EnglandWales2023-05-012024-04-30 04486920core:PlantMachinery2023-05-012024-04-30 04486920core:ComputerEquipment2023-05-012024-04-30 04486920core:PlantMachinery2023-04-30 04486920core:ComputerEquipment2023-04-30 04486920core:PlantMachinery2024-04-30 04486920core:ComputerEquipment2024-04-30 044869202022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 04486920 (England and Wales)
GAG TRUNKS LIMITED Unaudited accounts for the year ended 30 April 2024
GAG TRUNKS LIMITED Unaudited accounts Contents
Page
- 2 -
GAG TRUNKS LIMITED Company Information for the year ended 30 April 2024
Director
Gawdat Adly George
Company Number
04486920 (England and Wales)
Registered Office
The Registered Office Solvers Accountant 108 Belgrave Gate Leicester Leicestershire LE1 3GR United Kingdom
Accountants
Taxsolvers 108 Belgrave Gate Leicester Leicestershire LE1 3GR
- 3 -
GAG TRUNKS LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
739 
1,194 
Current assets
Inventories
30,000 
84,000 
Debtors
53,593 
38,947 
Cash at bank and in hand
- 
2,243 
83,593 
125,190 
Creditors: amounts falling due within one year
(51,419)
(49,555)
Net current assets
32,174 
75,635 
Total assets less current liabilities
32,913 
76,829 
Creditors: amounts falling due after more than one year
(324,040)
(354,615)
Net liabilities
(291,127)
(277,786)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(291,227)
(277,886)
Shareholders' funds
(291,127)
(277,786)
For the year ending 30 April 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 31 January 2025 and were signed on its behalf by
Gawdat Adly George Director Company Registration No. 04486920
- 4 -
GAG TRUNKS LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
GAG TRUNKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04486920. The registered office is The Registered Office Solvers Accountant, 108 Belgrave Gate, Leicester, Leicestershire, LE1 3GR, 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 £ 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
20% RB
Computer equipment
33.33% SLM
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
7,832 
1,079 
8,911 
At 30 April 2024
7,832 
1,079 
8,911 
Depreciation
At 1 May 2023
7,357 
360 
7,717 
Charge for the year
95 
360 
455 
At 30 April 2024
7,452 
720 
8,172 
Net book value
At 30 April 2024
380 
359 
739 
At 30 April 2023
475 
719 
1,194 
- 5 -
GAG TRUNKS LIMITED Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
22,947 
19,845 
Trade debtors
30,227 
19,102 
Other debtors
419 
- 
53,593 
38,947 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,390 
- 
Trade creditors
17,389 
34,641 
Taxes and social security
6,290 
12,235 
Other creditors
9,350 
- 
Accruals
- 
2,679 
51,419 
49,555 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
57,226 
93,385 
Other creditors
143,097 
143,097 
Loans from directors
123,717 
118,133 
324,040 
354,615 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -