Company Registration No. 14198672 (England and Wales)
GK107 Ltd
Filleted accounts
for the period from 1 April 2024 to 31 December 2024
GK107 Ltd
Filleted accounts
Contents
GK107 Ltd
Company Information
for the period from 1 April 2024 to 31 December 2024
Company Number
14198672 (England and Wales)
Registered Office
Grounded Kitchen
20 Tudor Square
West Bridgford
Nottingham
Nottinghamshire
NG2 6BT
England
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
GK107 Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
5,252
7,884
Creditors: amounts falling due within one year
(69,207)
(13,822)
Net current (liabilities)/assets
(63,955)
3,864
Total assets less current liabilities
(63,955)
3,864
Creditors: amounts falling due after more than one year
(75,067)
(67,341)
Net liabilities
(139,022)
(63,477)
Called up share capital
100
100
Profit and loss account
(139,122)
(63,577)
Shareholders' funds
(139,022)
(63,477)
For the period ending 31 December 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 31 December 2025 and were signed on its behalf by
Ahmed Latif Kidy
Director
Company Registration No. 14198672
GK107 Ltd
Notes to the Accounts
for the period from 1 April 2024 to 31 December 2024
GK107 Ltd is a private company, limited by shares, registered in England and Wales, registration number 14198672. The registered office is Grounded Kitchen, 20 Tudor Square, West Bridgford, Nottingham, Nottinghamshire, NG2 6BT, England.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
31/12/2024
31/03/2024
Amounts falling due within one year
GK107 Ltd
Notes to the Accounts
for the period from 1 April 2024 to 31 December 2024
5
Creditors: amounts falling due within one year
31/12/2024
31/03/2024
Bank loans and overdrafts
4,368
-
Trade creditors
41,295
6,388
Taxes and social security
7,486
1,241
Other creditors
9,986
5,559
6
Creditors: amounts falling due after more than one year
31/12/2024
31/03/2024
Amounts owed to group undertakings and other participating interests
75,067
59,455
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Share capital
31/12/2024
31/03/2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the period the average number of employees was 10 (31/03/2024: 10).