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
Gault & Co Ltd
Company Information
for the period from 1 November 2020 to 31 March 2022
Company Number
12274467 (England and Wales)
Registered Office
Merrow
Leamington Road
Broadway
WR12 7DZ
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
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
Gault & Co Ltd
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
18,038
12,623
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)
-
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
Gault & Co Ltd
Notes to the Accounts
for the period from 1 November 2020 to 31 March 2022
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.
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.
4
Debtors: amounts falling due within one year
2022
2020
5
Creditors: amounts falling due within one year
2022
2020
Taxes and social security
1,003
2,316
6
Creditors: amounts falling due after more than one year
2022
2020
Loans from directors
1,812
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
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).