Company Registration No. 10977002 (England and Wales)
Gelato UK Limited
Unaudited accounts
for the year ended 31 October 2024
Gelato UK Limited
Unaudited accounts
Contents
Gelato UK Limited
Company Information
for the year ended 31 October 2024
Company Number
10977002 (England and Wales)
Registered Office
189 MAULDETH ROAD
MANCHESTER
M19 1BA
UNITED KINGDOM
Accountants
Enso Accountants Ltd
189c Mauldeth Road
Manchester
M191BA
Gelato UK Limited
Statement of financial position
as at 31 October 2024
Tangible assets
12,359
3,868
Cash at bank and in hand
23,594
21,728
Creditors: amounts falling due within one year
(68,664)
(74,705)
Net current liabilities
(28,455)
(32,938)
Net liabilities
(16,096)
(29,070)
Called up share capital
100
100
Profit and loss account
(16,196)
(29,170)
Shareholders' funds
(16,096)
(29,070)
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 1 July 2025 and were signed on its behalf by
Hussain Nurbhai
Director
Company Registration No. 10977002
Gelato UK Limited
Notes to the Accounts
for the year ended 31 October 2024
Gelato UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10977002. The registered office is 189 MAULDETH ROAD, MANCHESTER, M19 1BA, 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 financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The directors have carefully reviewed the company's current financial position, future cash flows, and the availability of financing, and they have assessed the company's ability to meet its obligations as they fall due.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
5 Year Straight Line
Motor vehicles
5 Year Straight Line
Expenditure on research and development is written off in the year in which it is incurred.
Gelato UK Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
-
7,307
1,755
9,062
Additions
9,287
2,050
-
11,337
At 31 October 2024
9,287
9,357
1,755
20,399
At 1 November 2023
-
3,672
1,522
5,194
Charge for the year
-
2,633
233
2,866
Surplus on revaluation
-
(20)
-
(20)
At 31 October 2024
-
6,285
1,755
8,040
At 31 October 2024
9,287
3,072
-
12,359
At 31 October 2023
-
3,635
233
3,868
Amounts falling due within one year
Other debtors
16,615
20,039
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
37,082
47,326
Obligations under finance leases and hire purchase contracts
9,210
-
Taxes and social security
-
1,582
Other creditors
17,757
25,797
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).