Company Registration No. 06402476 (England and Wales)
Gazemaze Limited
Unaudited accounts
for the year ended 31 October 2024
Gazemaze Limited
Unaudited accounts
Contents
Gazemaze Limited
Company Information
for the year ended 31 October 2024
Company Number
06402476 (England and Wales)
Registered Office
1 Edgefield Court
Edgefield Avenue
Barking
Essex
IG11 9JP
United Kingdom
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Gazemaze Limited
Statement of financial position
as at 31 October 2024
Tangible assets
12,868
16,085
Cash at bank and in hand
(3,123)
1,123
Creditors: amounts falling due within one year
(19,648)
(28,137)
Net current assets
7,812
2,689
Total assets less current liabilities
20,680
18,774
Creditors: amounts falling due after more than one year
(4,420)
(10,315)
Called up share capital
1
1
Profit and loss account
16,259
8,458
Shareholders' funds
16,260
8,459
For the year ending 31 October 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 5 June 2025 and were signed on its behalf by
Mr H Bulut
Director
Company Registration No. 06402476
Gazemaze Limited
Notes to the Accounts
for the year ended 31 October 2024
Gazemaze Limited is a private company, limited by shares, registered in England and Wales, registration number 06402476. The registered office is 1 Edgefield Court, Edgefield Avenue, Barking, Essex, IG11 9JP, 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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Motor vehicles
20% - reducing balance method
Fixtures & fittings
20% - reducing balance method
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.
Gazemaze Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2023
37,389
24,226
61,615
At 31 October 2024
37,389
24,226
61,615
At 1 November 2023
28,291
17,239
45,530
Charge for the year
1,820
1,397
3,217
At 31 October 2024
30,111
18,636
48,747
At 31 October 2024
7,278
5,590
12,868
At 31 October 2023
9,098
6,987
16,085
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,000
6,000
Trade creditors
2,035
1,988
Taxes and social security
6,000
4,513
Loans from directors
3,787
12,383
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £0.10 each
0.10
0.10
Gazemaze Limited
Notes to the Accounts
for the year ended 31 October 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(12,383)
8,596
-
(3,787)
There are no terms of interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 3 (2023: 4).