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GNOVI LTD - Company Information

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Registered number: 11634301

Gnovi Ltd

Unaudited Financial Statements

for the period ended 31 October 2019

Statement of Financial Position

as at 31 October 2019

2019

Called up share capital not paid

Fixed assets

3,233

Current assets

40,359

Prepayments and accrued income

Creditors: amounts falling due within one year

( 27,164 )

Net current assets (liabilities)

13,195

Total assets less current liabilities

16,428

Creditors: amounts falling due after more than one year

Provisions for liabilities

Accruals and deferred income

Net assets

16,428

Capital and reserves

16,428

11634301 2018-10-22 2019-10-31 11634301 2019-10-31 11634301 2018-10-22 11634301 uk-frs102:WithinOneYear 2019-10-31 11634301 uk-frs102:AfterOneYear 2019-10-31 11634301 uk-bus:AuditExempt-NoAccountantsReport 2018-10-22 2019-10-31 11634301 uk-bus:AbbreviatedAccounts 2018-10-22 2019-10-31 11634301 uk-bus:Director1 1 2018-10-22 2019-10-31 11634301 uk-bus:Director2 2 2018-10-22 2019-10-31 11634301 uk-bus:Director1 2018-10-22 2019-10-31 11634301 uk-bus:Director2 2018-10-22 2019-10-31 11634301 uk-bus:Director1 1 2018-10-22 11634301 uk-bus:Director2 2 2018-10-22 11634301 uk-bus:Director1 1 2019-10-31 11634301 uk-bus:Director2 2 2019-10-31 11634301 uk-bus:Micro-entities 2018-10-22 2019-10-31 11634301 uk-bus:PrivateLimitedCompanyLtd 2018-10-22 2019-10-31 iso4217:GBP 11634301 countries:EnglandWales 2018-10-22 2019-10-31 11634301 uk-bus:RegisteredOffice 2018-10-22 2019-10-31

Footnotes to the Statement of Financial Position

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 2.

3. Directors’ benefits: advances, credit and guarantees

Rachel Biggs

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £77 by Rachel Biggs, a director of the company, on 22/10/2018.

During the accounting period the maximum amount repayable to Rachel Biggs was £15,078

The following conditions are attached to amount payable to Rachel Biggs:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid by the company.

Opening balance 22/10/2018	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/10/2019
£	£	£	£	£	£	£
0	( 29,508 ) ( 29,508 )	29,585 29,585	0	0	0	77

Andrew David Biggs

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £1,269 by Andrew David Biggs, a director of the company, on 24/11/2018.

During the accounting period the maximum amount repayable to Andrew David Biggs was £16,269

The following conditions are attached to amount payable to Andrew David Biggs:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid by the company.

Opening balance 22/10/2018	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/10/2019
£	£	£	£	£	£	£
0	( 44,425 ) ( 44,425 )	45,694 45,694	0	0	0	1,269

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the period ending 31/10/2019 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 directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts