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Company Registration No. 12274467 (England and Wales)
Gault & Co Ltd Unaudited accounts for the period from 1 November 2020 to 31 March 2022
Gault & Co Ltd Unaudited accounts Contents
Page
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Gault & Co Ltd Company Information for the period from 1 November 2020 to 31 March 2022
Director
Mark Gault
Company Number
12274467 (England and Wales)
Registered Office
Merrow Leamington Road Broadway WR12 7DZ
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Gault & Co Ltd for the period from 1 November 2020 to 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gault & Co Ltd for the period from 1 November 2020 to 31 March 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 7 June 2022
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Gault & Co Ltd Statement of financial position as at 31 March 2022
2022 
2020 
Notes
£ 
£ 
Current assets
Debtors
- 
495 
Cash at bank and in hand
18,038 
12,623 
18,038 
13,118 
Creditors: amounts falling due within one year
(2,083)
(3,252)
Net current assets
15,955 
9,866 
Total assets less current liabilities
15,955 
9,866 
Creditors: amounts falling due after more than one year
(1,812)
- 
Net assets
14,143 
9,866 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
14,142 
9,865 
Shareholders' funds
14,143 
9,866 
For the period ending 31 March 2022 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 7 June 2022 and were signed on its behalf by
Mark Gault Director Company Registration No. 12274467
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Gault & Co Ltd Notes to the Accounts for the period from 1 November 2020 to 31 March 2022
1
Statutory information
Gault & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 12274467. The registered office is Merrow, Leamington Road, Broadway, WR12 7DZ.
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 period, 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.
Turnover
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.
4
Debtors: amounts falling due within one year
2022 
2020 
£ 
£ 
Trade debtors
- 
495 
5
Creditors: amounts falling due within one year
2022 
2020 
£ 
£ 
Trade creditors
- 
936 
Taxes and social security
1,003 
2,316 
Accruals
1,080 
- 
2,083 
3,252 
6
Creditors: amounts falling due after more than one year
2022 
2020 
£ 
£ 
Loans from directors
1,812 
- 
7
Share capital
2022 
2020 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Gault & Co Ltd Notes to the Accounts for the period from 1 November 2020 to 31 March 2022
8
Average number of employees
During the period the average number of employees was 1 (2020: 1).
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