Registered number
04580447
GetSales Limited
Filleted Accounts
30 November 2024
GetSales Limited
Registered number: 04580447
Balance Sheet
as at 30 November 2024
Notes 2024 2023
Fixed assets
Tangible assets 3 166,525 124,314
Current assets
Debtors 4 850 16,040
Cash at bank and in hand 2,008 933
2,858 16,973
Creditors: amounts falling due within one year 5 (446,977) (227,974)
Net current liabilities (444,119) (211,001)
Net liabilities (277,594) (86,687)
Capital and reserves
Called up share capital 3 3
Profit and loss account (277,597) (86,690)
Shareholder's funds (277,594) (86,687)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Daniel Kluting
Director
Approved by the board on 3 February 2025
GetSales Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment:
office equipment 25% straight line
equipment 25% reducing balance
fixtures, fittings and equipment 15% reducing balance
Computer equipment 33% straight line
Telephone 50% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Telephone Equipment Computer equipment Total
Cost
At 1 December 2023 1,874 162,238 9,715 173,827
Additions - 75,973 - 75,973
At 30 November 2024 1,874 238,211 9,715 249,800
Depreciation
At 1 December 2023 1,602 40,615 7,296 49,513
Charge for the year 272 31,603 1,887 33,762
At 30 November 2024 1,874 72,218 9,183 83,275
Net book value
At 30 November 2024 - 165,993 532 166,525
At 30 November 2023 272 121,623 2,419 124,314
4 Debtors 2024 2023
Trade debtors 850 16,040
5 Creditors: amounts falling due within one year 2024 2023
Taxation and social security costs 4,649 5,782
Other creditors 442,328 222,192
446,977 227,974
6 Other information
GetSales Limited is a private company limited by shares and incorporated in England. Its registered office is:
78 York Street
London
W1H 1DP
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