REGISTERED NUMBER: 07002607 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2024

for

G K TELECOM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G S Dulku

Mrs K Dulku

REGISTERED OFFICE:

Alpha House

296 Kenton Road

Harrow

HA3 8DD

REGISTERED NUMBER:

07002607 (England and Wales)

ACCOUNTANTS:

Frasers Young Limited

Chartered Certified Accountants

Alpha House

296 Kenton Road

Harrow

HA3 8DD

FIXED ASSETS

Intangible assets

4

45,000

45,507

Tangible assets

5

60,545

73,823

105,545

119,330

CURRENT ASSETS

Stocks

167,007

151,336

Debtors

6

1,098,441

779,012

Cash at bank

164

42,381

1,265,612

972,729

CREDITORS

Amounts falling due within one year

7

(877,868

)

(488,171

)

NET CURRENT ASSETS

387,744

484,558

TOTAL ASSETS LESS CURRENT LIABILITIES

493,289

603,888

PROVISIONS FOR LIABILITIES

(9,757

)

(11,893

)

NET ASSETS

483,532

591,995

CAPITAL AND RESERVES

Called up share capital

100

200

Retained earnings

483,432

591,795

SHAREHOLDERS' FUNDS

483,532

591,995

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:

G S Dulku - Director

1.	STATUTORY INFORMATION

G K TELECOM LTD 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2023 - 72 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2023

and 31 August 2024

275,000

AMORTISATION

At 1 September 2023

229,493

Charge for year

507

At 31 August 2024

230,000

NET BOOK VALUE

At 31 August 2024

45,000

At 31 August 2023

45,507

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2023

and 31 August 2024

57,933

89,083

147,016

DEPRECIATION

At 1 September 2023

27,460

45,733

73,193

Charge for year

4,584

8,694

13,278

At 31 August 2024

32,044

54,427

86,471

NET BOOK VALUE

At 31 August 2024

25,889

34,656

60,545

At 31 August 2023

30,473

43,350

73,823

6.

DEBTORS

31.8.24

31.8.23

£

£

Amounts falling due within one year:

Trade debtors

1,093,965

779,012

Amounts falling due after more than one year:

Other debtors

4,476

-

Aggregate amounts

1,098,441

779,012

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans and overdrafts

72,247

-

Trade creditors

448,494

296,599

Taxation and social security

96,548

184,488

Other creditors

260,579

7,084

877,868

488,171

8.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.