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
Gadgetry One Ltd
Company Information
for the year ended 31 August 2024
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
Gadgetry One Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
8,161
9,122
Creditors: amounts falling due within one year
(33,216)
(15,896)
Net current assets
4,222
2,905
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
Gadgetry One Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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Tangible fixed assets
Plant & machinery
Gadgetry One Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
28,149
11,189
Taxes and social security
1,048
688
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The director B Zahoor controls the company as a result of controlling directly 100% of the issued shares capital.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).