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Registration number: 09652602

Gnatta Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Gnatta Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 11

Gnatta Limited

Company Information

Directors | Ms J Bowles Mr J Barmby Mr D Saltmer

Registered office | Strawberry Fields Office Hub Euxton Lane Chorley England PR7 1PS

Accountants | Williamson Croft Accountants Limited Chartered Certified AccountantsYork House 20 York Street Manchester M2 3BB

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gnatta Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gnatta Limited for the year ended 31 January 2025 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Gnatta Limited, as a body, in accordance with the terms of our engagement letter dated 1 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Gnatta Limited and state those matters that we have agreed to state to the Board of Directors of Gnatta Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gnatta Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gnatta Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Gnatta Limited. You consider that Gnatta Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Gnatta Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

18 July 2025

Gnatta Limited

(Registration number: 09652602)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | - | 4,628
Tangible assets | 5 | 4,391 | 10,684
|  | 4,391 | 15,312
Current assets |  |  |
Debtors | 6 | 99,790 | 1,626,960
Cash at bank and in hand |  | 84,282 | 57,579
|  | 184,072 | 1,684,539
Creditors: Amounts falling due within one year | 7 | (968,006) | (1,113,122)
Net current (liabilities)/assets |  | (783,934) | 571,417
Total assets less current liabilities |  | (779,543) | 586,729
Creditors: Amounts falling due after more than one year | 7 | (121,533) | (205,468)
Net (liabilities)/assets |  | (901,076) | 381,261
Capital and reserves |  |  |
Called up share capital | 8 | 180 | 180
Capital redemption reserve |  | 5 | 5
Retained earnings |  | (901,261) | 381,076
Shareholders' (deficit)/funds |  | (901,076) | 381,261

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Gnatta Limited

(Registration number: 09652602)
Balance Sheet as at 31 January 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 18 July 2025 and signed on its behalf by:

......................................... Mr J Barmby Director

Gnatta Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Strawberry Fields Office Hub
Euxton Lane
Chorley
England
PR7 1PS

These financial statements were authorised for issue by the Board on 18 July 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Gnatta Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office Equipment | 3/4 years straight line method

Intangible assets

Development costs that are directly attributable to the design and testing of websites controlled by the company are recognised as intangible assets. Intangible assets are stated in the statement of financial position at cost, less amortisation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Gnatta Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Asset class | Amortisation method and rate
Website | 3 years straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Gnatta Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 22).

Gnatta Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4 | Intangible assets

| Website and internally developed software £ | Total £
Cost or valuation
At 1 February 2024 | 23,800 | 23,800
At 31 January 2025 | 23,800 | 23,800
Amortisation
At 1 February 2024 | 19,172 | 19,172
Amortisation charge | 4,628 | 4,628
At 31 January 2025 | 23,800 | 23,800
Carrying amount
At 31 January 2025 | - | -
At 31 January 2024 | 4,628 | 4,628

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 February 2024 | 38,297 | 38,297
Additions | 958 | 958
At 31 January 2025 | 39,255 | 39,255
Depreciation
At 1 February 2024 | 27,613 | 27,613
Charge for the year | 7,251 | 7,251
At 31 January 2025 | 34,864 | 34,864
Carrying amount
At 31 January 2025 | 4,391 | 4,391
At 31 January 2024 | 10,684 | 10,684

Gnatta Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 47,190 | 135,432
Prepayments | 31,752 | 41,528
Other debtors | 20,848 | 1,450,000
| 99,790 | 1,626,960

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 288,553 | 167,274
Trade creditors |  | 39,343 | 54,293
Taxation and social security |  | 95,046 | 83,632
Accruals and deferred income |  | 543,323 | 806,367
Other creditors |  | 1,741 | 1,556
|  | 968,006 | 1,113,122

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 121,533 | 205,468

The company has an invoice finance facility which is secured by way of a fixed and floating charge and negative pledge. The balance on this account at the end of the year is nil.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary | 180,375 | 180.38 | 180,375 | 180.38

Gnatta Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £5,206).