Registration number:
G-LIKK Ltd
for the Period from 23 October 2018 to 31 October 2019
Ashcombe Court
Woolsack Way
Godalming
Surrey
GU7 1LQ
G-LIKK Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
G-LIKK Ltd
Company Information
Director |
R Smith |
Registered office |
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Accountants |
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Page 1 |
G-LIKK Ltd
(Registration number: 11638107)
Balance Sheet as at 31 October 2019
Note |
2019 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Total equity |
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For the financial period ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Director
Page 2 |
G-LIKK Ltd
Notes to the Financial Statements for the Period from 23 October 2018 to 31 October 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales. The company's registered office address can be found on the company information page.
The principal place of business is:
Selham Lodge
Horsham Road
Cranleigh
Surrey
GU6 8EH
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Going concern
The financial statements have been prepared on a going concern basis as the director has confirmed that sufficient funding is in place to enable the company to continue to operate in the foreseeable future.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Page 3 |
G-LIKK Ltd
Notes to the Financial Statements for the Period from 23 October 2018 to 31 October 2019
Tangible assets
Tangible assets are stated in the statement of financial position 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 |
Computer equipment |
33% straight line |
Furniture and fittings |
25% reducing balance |
Motor vehicles |
25% reducing balance |
Aircraft |
10% straight line |
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Tangible assets |
Computer equipment |
Furniture and fittings |
Motor vehicles |
Aircraft |
Total |
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Cost or valuation |
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Additions |
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At 31 October 2019 |
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Depreciation |
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Charge for the period |
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At 31 October 2019 |
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Carrying amount |
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At 31 October 2019 |
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Page 4 |
G-LIKK Ltd
Notes to the Financial Statements for the Period from 23 October 2018 to 31 October 2019
Debtors |
2019 |
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Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Creditors |
2019 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Directors current account |
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Share capital |
Allotted, called up and fully paid shares
2019 |
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No. |
£ |
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1 |
During the year 1 ordinary share of £1 was issued.
Related party transactions |
Expenditure with and payables to related parties
2019 |
Key management |
Amounts payable to related party |
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The amount due is a loan balance that has no formal terms, is interest free and repayable on demand.
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