Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30false2023-07-01No description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05399882 2023-07-01 2024-06-30 05399882 2022-07-01 2023-06-30 05399882 2024-06-30 05399882 2023-06-30 05399882 c:Director2 2023-07-01 2024-06-30 05399882 d:PlantMachinery 2023-07-01 2024-06-30 05399882 d:PlantMachinery 2024-06-30 05399882 d:PlantMachinery 2023-06-30 05399882 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05399882 d:FurnitureFittings 2023-07-01 2024-06-30 05399882 d:FurnitureFittings 2024-06-30 05399882 d:FurnitureFittings 2023-06-30 05399882 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05399882 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05399882 d:CurrentFinancialInstruments 2024-06-30 05399882 d:CurrentFinancialInstruments 2023-06-30 05399882 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05399882 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05399882 d:ShareCapital 2024-06-30 05399882 d:ShareCapital 2023-06-30 05399882 d:RetainedEarningsAccumulatedLosses 2024-06-30 05399882 d:RetainedEarningsAccumulatedLosses 2023-06-30 05399882 c:FRS102 2023-07-01 2024-06-30 05399882 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05399882 c:FullAccounts 2023-07-01 2024-06-30 05399882 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05399882 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05399882









GUR DESIGNS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
GUR DESIGNS LIMITED
REGISTERED NUMBER: 05399882

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,181
1,477

  
1,181
1,477

Current assets
  

Stocks
 5 
10,260
10,260

Debtors: amounts falling due within one year
 6 
104,358
160,188

Cash at bank and in hand
  
23,077
37,708

  
137,695
208,156

Creditors: amounts falling due within one year
 7 
(41,786)
(78,348)

Net current assets
  
 
 
95,909
 
 
129,808

Total assets less current liabilities
  
97,090
131,285

  

Net assets
  
97,090
131,285


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
97,088
131,283

  
97,090
131,285


Page 1

 
GUR DESIGNS LIMITED
REGISTERED NUMBER: 05399882
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Gur
Director

Date: 25 June 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GUR DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Gur Designs Limited is a private company limited by shares, incorporated in England & Wales (registered number: 05399882). 
The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH and its principal place of business is Westferry Studios, Unit 158, Milligan Street, London, E14 8AS. 
The principal activity of the company continued to be that of specialised fashion design activities.
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
GUR DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
GUR DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 July 2023
3,952
23,765
27,717



At 30 June 2024

3,952
23,765
27,717



Depreciation


At 1 July 2023
3,403
22,837
26,240


Charge for the year on owned assets
110
186
296



At 30 June 2024

3,513
23,023
26,536



Net book value



At 30 June 2024
439
742
1,181



At 30 June 2023
549
928
1,477

Page 5

 
GUR DESIGNS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
10,260
10,260

10,260
10,260



6.


Debtors

2024
2023
£
£


Trade debtors
41,178
107,277

Other debtors
2,403
-

Prepayments and accrued income
60,777
52,911

104,358
160,188



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
2,403

Other taxation and social security
6,469
2,644

Other creditors
16,391
40,740

Accruals and deferred income
18,926
32,561

41,786
78,348


 
Page 6