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REGISTERED NUMBER: 14323368 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GASELLE AND J LIMITED

GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GASELLE AND J LIMITED

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2024







DIRECTOR: Miss J M L Selman





REGISTERED OFFICE: Suite G04
1 Quality Court
Chancery Lane
London
WC2A 1HR





REGISTERED NUMBER: 14323368 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
61 Queen Square
Bristol
BS1 4JZ

GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 14,639 18,609
Tangible assets 5 683 911
15,322 19,520

CURRENT ASSETS
Stocks 25,636 24,548
Debtors 6 9,443 11,097
Cash at bank - 421
35,079 36,066
CREDITORS
Amounts falling due within one year 7 90,615 69,219
NET CURRENT LIABILITIES (55,536 ) (33,153 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(40,214

)

(13,633

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (40,314 ) (13,733 )
SHAREHOLDERS' FUNDS (40,214 ) (13,633 )

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

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

The director acknowledges her 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.

GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 11 June 2025 and were signed by:





Miss J M L Selman - Director


GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024

1. STATUTORY INFORMATION

Gaselle and J 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of five years.

Website and branding are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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

GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company's balance sheet at 31 August 2024 shows that liabilities exceed assets by £40,214. Included in the liabilities is a director's loan of £64,694. There are no arrangements for this to be repaid in the next 12 months. Therefore, the directors believe it is appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Website
and
Trademarks branding Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 2,250 17,600 19,850
AMORTISATION
At 1 September 2023 141 1,100 1,241
Amortisation for year 450 3,520 3,970
At 31 August 2024 591 4,620 5,211
NET BOOK VALUE
At 31 August 2024 1,659 12,980 14,639
At 31 August 2023 2,109 16,500 18,609

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 972
DEPRECIATION
At 1 September 2023 61
Charge for year 228
At 31 August 2024 289
NET BOOK VALUE
At 31 August 2024 683
At 31 August 2023 911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 116 7,934
Deferred tax asset 9,327 3,163
9,443 11,097

GASELLE AND J LIMITED (REGISTERED NUMBER: 14323368)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Deferred tax asset
2024 2023
£    £   
Accelerated capital allowances (130 ) (173 )
Tax losses carried forward 9,457 3,336
9,327 3,163

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56 -
Other creditors 18,390 18,140
Director's current account 64,694 47,150
Accrued expenses 7,475 3,929
90,615 69,219

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

At 31 August 2024 there was a balance owing to the director of £64,694 (2023 - £47,150). There are no set repayment terms and no interest is charged on the loan.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Miss J M L Selman.