1 November 2023 false No description of principal activity Taxfiler 2024.6 true 10977002business:PrivateLimitedCompanyLtd2023-11-012024-10-31 109770022023-10-31 109770022023-11-012024-10-31 10977002business:AuditExempt-NoAccountantsReport2023-11-012024-10-31 10977002business:FilletedAccounts2023-11-012024-10-31 109770022024-10-31 10977002business:Director12023-11-012024-10-31 10977002business:RegisteredOffice2023-11-012024-10-31 109770022023-10-31 10977002core:WithinOneYear2024-10-31 10977002core:WithinOneYear2023-10-31 10977002core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 10977002core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 10977002core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 10977002core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 10977002core:PreviouslyStatedAmount2024-10-31 10977002core:PreviouslyStatedAmount2023-10-31 10977002business:SmallEntities2023-11-012024-10-31 10977002countries:EnglandWales2023-11-012024-10-31 10977002core:PlantMachinery2023-11-012024-10-31 10977002core:MotorVehicles2023-11-012024-10-31 10977002core:LandBuildings2023-10-31 10977002core:PlantMachinery2023-10-31 10977002core:MotorVehicles2023-10-31 10977002core:LandBuildings2023-11-012024-10-31 10977002core:LandBuildings2024-10-31 10977002core:PlantMachinery2024-10-31 10977002core:MotorVehicles2024-10-31 109770022022-11-012023-10-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
Gelato UK Limited Company Information for the year ended 31 October 2024
Director
Hussain Nurbhai
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
- 3 -
Gelato UK Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,359 
3,868 
Current assets
Debtors
16,615 
20,039 
Cash at bank and in hand
23,594 
21,728 
40,209 
41,767 
Creditors: amounts falling due within one year
(68,664)
(74,705)
Net current liabilities
(28,455)
(32,938)
Net liabilities
(16,096)
(29,070)
Capital and reserves
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
- 4 -
Gelato UK Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
- 5 -
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 
Depreciation
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 
Net book value
At 31 October 2024
9,287 
3,072 
- 
12,359 
At 31 October 2023
- 
3,635 
233 
3,868 
5
Debtors
2024 
2023 
£ 
£ 
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 
VAT
2,171 
- 
Obligations under finance leases and hire purchase contracts
9,210 
- 
Trade creditors
2,444 
- 
Taxes and social security
- 
1,582 
Other creditors
17,757 
25,797 
68,664 
74,705 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
- 6 -