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Company Registration No. 04486920 (England and Wales)
GAG TRUNKS LIMITED Unaudited accounts for the year ended 30 April 2025
GAG TRUNKS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GAG TRUNKS LIMITED Company Information for the year ended 30 April 2025
Director
Gawdat Adly George
Company Number
04486920 (England and Wales)
Registered Office
The Registered Office Solvers Accountant 108 Belgrave Gate Leicester Leicestershire LE1 3GR United Kingdom
Accountants
Taxsolvers 108 Belgrave Gate Leicester Leicestershire LE1 3GR
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GAG TRUNKS LIMITED Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
304
739
Current assets
Inventories
18,000
30,000
Debtors
5
64,957
53,593
82,957
83,593
Creditors: amounts falling due within one year
6
(72,595)
(51,419)
Net current assets
10,362
32,174
Total assets less current liabilities
10,666
32,913
Creditors: amounts falling due after more than one year
7
(288,828)
(324,040)
Net liabilities
(278,162)
(291,127)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(278,262)
(291,227)
Shareholders' funds
(278,162)
(291,127)
For the year ending 30 April 2025 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 10 November 2025 and were signed on its behalf by
Gawdat Adly George Director Company Registration No. 04486920
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GAG TRUNKS LIMITED Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
GAG TRUNKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04486920. The registered office is The Registered Office Solvers Accountant, 108 Belgrave Gate, Leicester, Leicestershire, LE1 3GR, 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.
Presentation currency
The accounts are presented in £ sterling.
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
20% RB
Computer equipment
33.33% SLM
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
7,832
1,079
8,911
At 30 April 2025
7,832
1,079
8,911
Depreciation
At 1 May 2024
7,452
720
8,172
Charge for the year
76
359
435
At 30 April 2025
7,528
1,079
8,607
Net book value
At 30 April 2025
304
-
304
At 30 April 2024
380
359
739
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GAG TRUNKS LIMITED Notes to the Accounts for the year ended 30 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
22,928
22,947
Trade debtors
41,610
30,227
Other debtors
419
419
64,957
53,593
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
42,125
18,390
Trade creditors
5,198
17,389
Taxes and social security
5,025
6,290
Other creditors
20,247
9,350
72,595
51,419
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
23,194
57,226
Other creditors
143,097
143,097
Loans from directors
122,537
123,717
288,828
324,040
8
Average number of employees
During the year the average number of employees was 2 (2024: 3).
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