Registered number
11738492
Giles Bantick ML Limited
Filleted Accounts
31 March 2022
Giles Bantick ML Limited
Registered number: 11738492
Balance Sheet
as at 31 March 2022
Notes 2022 2021
(as restated)
£ £
Fixed assets
Tangible assets 3 770 1,170
Current assets
Debtors 4 42,626 62,155
Cash at bank and in hand 203,622 58,369
246,248 120,524
Creditors: amounts falling due within one year 5 (45,005) (27,952)
Net current assets 201,243 92,572
Net assets 202,013 93,742
Capital and reserves
Called up share capital 10 10
Profit and loss account 202,003 93,732
Shareholders' funds 202,013 93,742
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G. L. Bantick
Director
Approved by the board on 22 August 2022
Giles Bantick ML Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
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).
Turnover
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.
Tangible fixed assets
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:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2021 1,603
At 31 March 2022 1,603
Depreciation
At 1 April 2021 433
Charge for the year 400
At 31 March 2022 833
Net book value
At 31 March 2022 770
At 31 March 2021 1,170
4 Debtors 2022 2021
£ £
Trade debtors 42,626 62,155
5 Creditors: amounts falling due within one year 2022 2021
(as restated)
£ £
Trade creditors 6,238 3,125
Taxation and social security costs 32,218 18,657
Other creditors 6,549 6,170
45,005 27,952
6 Controlling party
The company is controlled by G. L. Bantick by virtue of his majority shareholding.
7 Other information
Giles Bantick ML Limited is a private company limited by shares and incorporated in England. Its registered office is:
280 Kings Road
London
SW3 5AW
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