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REGISTERED NUMBER: 04488374 (England and Wales)


Financial Statements for the Year Ended 31 July 2024

for

Gora Enterprises Limited

Gora Enterprises Limited (Registered number: 04488374)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gora Enterprises Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr Kulwant Singh Gora
Mr Balbir Singh Gora





SECRETARY: Miss Amani Kaur Gora





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 04488374 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Gora Enterprises Limited (Registered number: 04488374)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 364,875 260,571

CURRENT ASSETS
Inventories 1,158,861 1,295,670
Debtors 5 211,650 212,844
Cash at bank and in hand 52,749 41,139
1,423,260 1,549,653
CREDITORS
Amounts falling due within one year 6 184,811 296,618
NET CURRENT ASSETS 1,238,449 1,253,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,603,324

1,513,606

CREDITORS
Amounts falling due after more than one
year

7

22,275

47,112
NET ASSETS 1,581,049 1,466,494

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,580,949 1,466,394
SHAREHOLDERS' FUNDS 1,581,049 1,466,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gora Enterprises Limited (Registered number: 04488374)

Statement of Financial Position - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:





Mr Kulwant Singh Gora - Director


Gora Enterprises Limited (Registered number: 04488374)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Gora Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net value of goods sold, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 41,138 706,675 747,813
Additions - 138,961 138,961
At 31 July 2024 41,138 845,636 886,774
DEPRECIATION
At 1 August 2023 41,138 446,104 487,242
Charge for year - 34,657 34,657
At 31 July 2024 41,138 480,761 521,899
NET BOOK VALUE
At 31 July 2024 - 364,875 364,875
At 31 July 2023 - 260,571 260,571

Gora Enterprises Limited (Registered number: 04488374)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 238 1,663
Other debtors 211,412 211,181
211,650 212,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts - 23,981
Trade creditors 133,524 224,250
Taxation and social security 44,452 28,278
Other creditors 6,835 20,109
184,811 296,618

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 19,807 29,836
Hire purchase contracts 2,468 17,276
22,275 47,112

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100