Giles Bantick ML Limited |
Notes to the Accounts |
for the year ended 31 March 2022 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is revenue earned from the rendering of medical legal reports. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
over 4 years |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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2 |
Employees |
2022 |
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2021 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 April 2021 |
1,603 |
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At 31 March 2022 |
1,603 |
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Depreciation |
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At 1 April 2021 |
433 |
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Charge for the year |
400 |
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At 31 March 2022 |
833 |
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Net book value |
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At 31 March 2022 |
770 |
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At 31 March 2021 |
1,170 |
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4 |
Debtors |
2022 |
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2021 |
£ |
£ |
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Trade debtors |
42,626 |
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62,155 |
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5 |
Creditors: amounts falling due within one year |
2022 |
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2021 |
(as restated) |
£ |
£ |
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Trade creditors |
6,238 |
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3,125 |
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Taxation and social security costs |
32,218 |
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18,657 |
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Other creditors |
6,549 |
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6,170 |
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45,005 |
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27,952 |
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6 |
Controlling party |
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The company is controlled by G. L. Bantick by virtue of his majority shareholding. |
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7 |
Other information |
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Giles Bantick ML Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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280 Kings Road |
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London |
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SW3 5AW |