Gelbaya Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09572826 (England and Wales)

Financial Statements For The Year Ended 31 May 2019

for

Gelbaya Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTOR:

Dr T A Gelbaya

REGISTERED OFFICE:

250 Humberstone Road

Leicester

LE5 0EG

REGISTERED NUMBER:

09572826 (England and Wales)

ACCOUNTANTS:

Gower Accountancy

Chartered Certified Accountants

250 Humberstone Road

Leicester

LE5 0EG

FIXED ASSETS

Property, plant and equipment

4

175

616

CURRENT ASSETS

Debtors

5

1,148

922

Cash at bank

83,620

53,690

84,768

54,612

CREDITORS

Amounts falling due within one year

6

(22,538

)

(5,825

)

NET CURRENT ASSETS

62,230

48,787

TOTAL ASSETS LESS CURRENT LIABILITIES

62,405

49,403

CREDITORS

Amounts falling due after more than one year

7

-

(8,624

)

PROVISIONS FOR LIABILITIES

(33

)

-

NET ASSETS

62,372

40,779

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

62,252

40,659

SHAREHOLDERS' FUNDS

62,372

40,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 July 2019 and were signed by:

Dr T A Gelbaya - Director

1.	STATUTORY INFORMATION

Gelbaya 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 June 2018

and 31 May 2019

1,764

DEPRECIATION

At 1 June 2018

1,148

Charge for year

441

At 31 May 2019

1,589

NET BOOK VALUE

At 31 May 2019

175

At 31 May 2018

616

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Prepayments and accrued income

1,148

922

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

(1

)

Tax

6,584

5,396

Social security and other taxes

(650

)

(650

)

Directors' current accounts

15,524

-

Accrued expenses

1,080

1,080

22,538

5,825

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Directors' loan accounts

-

8,624

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Gelbaya Ltd for the year ended 31 May 2019 which comprise the Income Statement, Balance

Sheet and the related notes 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 http://www.accaglobal.com/rulebook.

This report is made solely to the director of Gelbaya Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gelbaya Ltd and state those matters that we have agreed to state to the director of Gelbaya Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Gelbaya Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gelbaya Ltd. You consider that Gelbaya Ltd 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 financial statements of Gelbaya Ltd. 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 financial statements.

Gower Accountancy

Chartered Certified Accountants

250 Humberstone Road

Leicester

LE5 0EG

27 July 2019