Gainpath Agencies Limited 04180901 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Provision of nursery school staff Digita Accounts Production Advanced 6.30.9574.0 true 04180901 2022-04-01 2023-03-31 04180901 2023-03-31 04180901 bus:Revised 2023-03-31 04180901 core:RetainedEarningsAccumulatedLosses 2023-03-31 04180901 core:ShareCapital 2023-03-31 04180901 core:CurrentFinancialInstruments 2023-03-31 04180901 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04180901 core:FurnitureFittings 2023-03-31 04180901 bus:SmallEntities 2022-04-01 2023-03-31 04180901 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04180901 bus:FullAccounts 2022-04-01 2023-03-31 04180901 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04180901 bus:RegisteredOffice 2022-04-01 2023-03-31 04180901 bus:Director1 2022-04-01 2023-03-31 04180901 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04180901 core:FurnitureFittings 2022-04-01 2023-03-31 04180901 countries:EnglandWales 2022-04-01 2023-03-31 04180901 2022-03-31 04180901 core:FurnitureFittings 2022-03-31 04180901 2021-04-01 2022-03-31 04180901 2022-03-31 04180901 core:RetainedEarningsAccumulatedLosses 2022-03-31 04180901 core:ShareCapital 2022-03-31 04180901 core:CurrentFinancialInstruments 2022-03-31 04180901 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04180901 core:FurnitureFittings 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04180901

Gainpath Agencies Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2023

 

Gainpath Agencies Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Gainpath Agencies Limited

(Registration number: 04180901)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

672

472

Current assets

 

Debtors

5

39,554

33,071

Cash at bank and in hand

 

32,503

37,315

 

72,057

70,386

Creditors: Amounts falling due within one year

6

(40,018)

(42,518)

Net current assets

 

32,039

27,868

Net assets

 

32,711

28,340

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

32,710

28,339

Shareholders' funds

 

32,711

28,340

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 6 October 2023
 

.........................................
Mrs H Ball
Director

 

Gainpath Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Gainpath Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% reducing balance

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 30 (2022 - 29).

 

Gainpath Agencies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Fixtures, fittings and equipment
£

Total
£

Cost or valuation

At 1 April 2022

6,502

6,502

Additions

426

426

At 31 March 2023

6,928

6,928

Depreciation

At 1 April 2022

6,030

6,030

Charge for the year

226

226

At 31 March 2023

6,256

6,256

Carrying amount

At 31 March 2023

672

672

At 31 March 2022

472

472

5

Debtors

2023
£

2022
£

Trade debtors

37,619

31,152

Other debtors

1,700

1,700

Prepayments

235

219

39,554

33,071

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Taxation and social security

10,772

13,136

Accruals and deferred income

4,117

3,877

Other creditors

25,129

25,505

40,018

42,518