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Company Registration No. 13569934 (England and Wales)
Gadgetry One Ltd Unaudited accounts for the year ended 31 August 2024
Gadgetry One Ltd Unaudited accounts Contents
Page
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Gadgetry One Ltd Company Information for the year ended 31 August 2024
Director
Bilal Zahoor
Company Number
13569934 (England and Wales)
Registered Office
Suite 310D Sterling House Langston Road Loughton Essex IG10 3TS England
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
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Gadgetry One Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
514 
720 
Current assets
Inventories
14,354 
6,900 
Debtors
14,923 
2,779 
Cash at bank and in hand
8,161 
9,122 
37,438 
18,801 
Creditors: amounts falling due within one year
(33,216)
(15,896)
Net current assets
4,222 
2,905 
Net assets
4,736 
3,625 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
4,735 
3,624 
Shareholders' funds
4,736 
3,625 
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 30 May 2025 and were signed on its behalf by
Bilal Zahoor Director Company Registration No. 13569934
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Gadgetry One Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Gadgetry One Ltd is a private company, limited by shares, registered in England and Wales, registration number 13569934. The registered office is Suite 310D, Sterling House, Langston Road, Loughton, Essex, IG10 3TS, England.
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
20% on cost.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,030 
At 31 August 2024
1,030 
Depreciation
At 1 September 2023
310 
Charge for the year
206 
At 31 August 2024
516 
Net book value
At 31 August 2024
514 
At 31 August 2023
720 
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Gadgetry One Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,511 
1,303 
Other debtors
8,412 
1,476 
14,923 
2,779 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
28,149 
11,189 
VAT
4,019 
4,019 
Taxes and social security
1,048 
688 
33,216 
15,896 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
The director B Zahoor controls the company as a result of controlling directly 100% of the issued shares capital.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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