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Company Registration No. 3582735 (England and Wales)
Gullwing Limited Unaudited accounts for the year ended 30 June 2024
Gullwing Limited Unaudited accounts Contents
Page
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Gullwing Limited Company Information for the year ended 30 June 2024
Directors
Noel Vinck Hilary Park
Secretary
Noel Vinck
Company Number
3582735 (England and Wales)
Registered Office
Lowbyre Manor Farm Alston Cumbria CA9 3JX UK
Accountants
JBC Management Solutions Ltd 5 Dene Park Ponteland Newcastle upon Tyne Northumberland NE20 9AH
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Gullwing Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
31,524 
23,159 
Debtors
154,662 
203,884 
Cash at bank and in hand
346,584 
315,245 
532,770 
542,288 
Creditors: amounts falling due within one year
(62,508)
(40,600)
Net current assets
470,262 
501,688 
Total assets less current liabilities
470,262 
501,688 
Creditors: amounts falling due after more than one year
(39,528)
(148,229)
Net assets
430,734 
353,459 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
430,731 
353,456 
Shareholders' funds
430,734 
353,459 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by
Noel Vinck Director Company Registration No. 3582735
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Gullwing Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Gullwing Limited is a private company, limited by shares, registered in England and Wales, registration number 3582735. The registered office is Lowbyre Manor Farm, Alston, Cumbria, CA9 3JX, UK.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line depreciation over two years
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
25,973 
33,004 
58,977 
At 30 June 2024
25,973 
33,004 
58,977 
Depreciation
At 1 July 2023
25,973 
33,004 
58,977 
At 30 June 2024
25,973 
33,004 
58,977 
Net book value
At 30 June 2024
- 
- 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,473 
79,695 
Other debtors
124,189 
124,189 
154,662 
203,884 
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Gullwing Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
278 
8,355 
Taxes and social security
23,418 
30,780 
Accruals
38,812 
1,465 
62,508 
40,600 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
39,528 
148,229 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
300 Ordinary shares of £0.01 each
3 
3 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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