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REGISTERED NUMBER: 11411344 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2022

for

Round Governance Services Limited

Round Governance Services Limited (Registered number: 11411344)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Round Governance Services Limited

Company Information
for the Year Ended 30 June 2022







DIRECTOR: K Round





REGISTERED OFFICE: 3 Nursery Close
Collingham
Newark
NG23 7BL





REGISTERED NUMBER: 11411344 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Round Governance Services Limited (Registered number: 11411344)

Balance Sheet
30 June 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,954 1,704

CURRENT ASSETS
Debtors 5 5,085 15,060
Cash at bank 15,248 57,742
20,333 72,802
CREDITORS
Amounts falling due within one year 6 20,887 33,383
NET CURRENT (LIABILITIES)/ASSETS (554 ) 39,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,400

41,123

CREDITORS
Amounts falling due after more than one
year

7

(698

)

(2,280

)

PROVISIONS FOR LIABILITIES (708 ) (324 )
NET ASSETS 994 38,519

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 993 38,518
SHAREHOLDERS' FUNDS 994 38,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 August 2022 and were signed by:





K Round - Director


Round Governance Services Limited (Registered number: 11411344)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

Round Governance Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

Round Governance Services Limited (Registered number: 11411344)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2021 1,883 1,955 3,838
Additions 733 1,537 2,270
At 30 June 2022 2,616 3,492 6,108
DEPRECIATION
At 1 July 2021 527 1,607 2,134
Charge for year 407 613 1,020
At 30 June 2022 934 2,220 3,154
NET BOOK VALUE
At 30 June 2022 1,682 1,272 2,954
At 30 June 2021 1,356 348 1,704

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 3,446 15,060
Other debtors 1,639 -
5,085 15,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 2,254 2,412
Taxation and social security 16,564 28,869
Other creditors 2,069 2,102
20,887 33,383

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 698 2,280

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary £1 1 1

Round Governance Services Limited (Registered number: 11411344)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2022 and 30 June 2021:

2022 2021
£    £   
K Round
Balance outstanding at start of year (168 ) (464 )
Amounts advanced 79,893 53,143
Amounts repaid (78,085 ) (52,847 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,640 (168 )