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
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
GAG TRUNKS LIMITED
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
-
2,243
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)
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
GAG TRUNKS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 30 April 2024
380
359
739
At 30 April 2023
475
719
1,194
GAG TRUNKS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
30,227
19,102
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
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
143,097
143,097
Loans from directors
123,717
118,133
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).