Company registration number: 13378446
Unaudited financial statements
for the year ended 31 May 2024
for
Ghumte Ltd
Pages for filing with the Registrar
Ghumte Ltd
Accountants' Report to the Director for the preparation of the unaudited financial
statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ghumte Ltd for the year ended 31 May 2024 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Director of Ghumte Ltd, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ghumte Ltd and state those matters that we have agreed to state to them in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ghumte Ltd and its Director for our work, or for this report.
It is your duty to ensure that Ghumte Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ghumte Ltd. You consider that Ghumte Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ghumte Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
UK Accounting Services Ltd
Date: 27 February 2025
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Company registration number: 13378446
Ghumte Ltd
Balance sheet
as at 31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 114,221 -
114,221 -
Current assets
Stocks 14,700 -
Debtors 11,771 -
Cash at bank and in hand 44,988 -
71,459 -
Creditors: amounts falling due within one
year
(14,414) -
Net current assets 57,045 -
Total assets less current liabilities 171,266 -
Creditors: Amounts falling due after more
than one year
(157,401) -
NET ASSETS 13,865 -
Capital and reserves
Called up share capital 100 -
Profit and loss account 13,765 -
TOTAL EQUITY 13,865 -
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 13378446
Ghumte Ltd
Balance sheet - continued
as at 31 May 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr N Sahani, Director
27 February 2025
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Ghumte Ltd
Notes to the financial statements
for the year ended 31 May 2024
1 Company information
Ghumte Ltd is a private company registered in England and Wales. Its registered number is 13378446. The company is limited by shares. Its registered office is 140 Sams Lane, West Bromwich, B70 7ED.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 15% reducing balance
Plant and machinery:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Computer equipment - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Ghumte Ltd
Notes to the financial statements - continued
for the year ended 31 May 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 balance sheet date.
3 Average number of employees
During the year the average number of employees was 7 (2023 - 4).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
Totals
£ £ £
Cost
Additions 127,072 28,191 155,263
At 31 May 2024 127,072 28,191 155,263
Depreciation
Charge for year 29,425 11,617 41,042
At 31 May 2024 29,425 11,617 41,042
Net book value
At 31 May 2024 97,647 16,574 114,221
At 31 May 2023 - - -
If Leasehold Property had not been revalued, Leasehold Property would have been included at the following historical cost:
2024 2023
£ £
Cost 127,072 -
Accumulated depreciation 29,425 -
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