Registered number
10691588
Gurukula Limited
Filleted Accounts
31 March 2025
Gurukula Limited
Registered number: 10691588
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,695 1,505
Current assets
Debtors 4 5,829 5,590
Cash at bank and in hand 89,244 62,357
95,073 67,947
Creditors: amounts falling due within one year 5 (18,758) (18,656)
Net current assets 76,315 49,291
Total assets less current liabilities 78,010 50,796
Creditors: amounts falling due after more than one year 6 (7,222) (8,900)
Provisions for liabilities (424) (286)
Net assets 70,364 41,610
Capital and reserves
Called up share capital 100 100
Profit and loss account 70,264 41,510
Shareholder's funds 70,364 41,610
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr David Owen
Director
Approved by the board on 4 August 2025
Gurukula Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 3 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Computer equipment Plant and machinery etc Fixture & fittings Total
£ £ £ £
Cost
At 1 April 2024 2,959 2,275 243 5,477
Additions 2,190 - - 2,190
Disposals (1,216) - - (1,216)
At 31 March 2025 3,933 2,275 243 6,451
Depreciation
At 1 April 2024 1,738 2,016 218 3,972
Charge for the year 1,311 259 25 1,595
On disposals (811) - - (811)
At 31 March 2025 2,238 2,275 243 4,756
Net book value
At 31 March 2025 1,695 - - 1,695
At 31 March 2024 1,221 259 25 1,505
4 Debtors 2025 2024
£ £
Trade debtors 660 4,020
Director's loan account 2,974 -
Other debtors 2,195 1,570
5,829 5,590
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 1,667 1,667
Direcor's loan account - 242
Trade creditors 907 27
Taxation and social security costs 16,184 16,720
18,758 18,656
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 7,222 8,900
7 Other information
Gurukula Limited is a private company limited by shares and incorporated in England. Its registered office is:
SpaceHoppers Co-Working
Unit 2 Libbys Drive
Stroud
GL5 1RN
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