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Company Registration No. 14316191 (England and Wales)
Gonzo Traders Ltd Unaudited accounts for the year ended 31 August 2024
Gonzo Traders Ltd Unaudited accounts Contents
Page
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Gonzo Traders Ltd Company Information for the year ended 31 August 2024
Director
milan telvak
Company Number
14316191 (England and Wales)
Registered Office
Suite A 82 James Carter Rd Mildenhall IP28 7DE United Kingdom
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Gonzo Traders Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,192 
35,091 
Current assets
Inventories
37,800 
35,661 
Debtors
29,830 
23,651 
Cash at bank and in hand
17,295 
15,296 
84,925 
74,608 
Creditors: amounts falling due within one year
(97,384)
(99,351)
Net current liabilities
(12,459)
(24,743)
Net assets
18,733 
10,348 
Capital and reserves
Share premium
1 
1 
Profit and loss account
18,732 
10,347 
Shareholders' funds
18,733 
10,348 
For the year ending 31 August 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 1 September 2024 and were signed on its behalf by
milan telvak Director Company Registration No. 14316191
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Gonzo Traders Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Gonzo Traders Ltd is a private company, limited by shares, registered in England and Wales, registration number 14316191. The registered office is Suite A, 82 James Carter Rd, Mildenhall, IP28 7DE, 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
10
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
38,990 
At 31 August 2024
38,990 
Depreciation
At 1 September 2023
3,899 
Charge for the year
3,899 
At 31 August 2024
7,798 
Net book value
At 31 August 2024
31,192 
At 31 August 2023
35,091 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
29,830 
23,651 
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Gonzo Traders Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,390 
25,000 
VAT
14,290 
14,992 
Trade creditors
37,846 
35,019 
Other creditors
13,690 
15,488 
Accruals
7,168 
8,852 
97,384 
99,351 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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