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REGISTERED NUMBER: 04275490 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2023

for

GK Consultancy Services Limited

GK Consultancy Services Limited (Registered number: 04275490)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GK Consultancy Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G Kenton
Mrs S Kenton





REGISTERED OFFICE: Premier House
3 Pembroke Gardens
HOVE
East Sussex
BN3 5DY





REGISTERED NUMBER: 04275490 (England and Wales)





ACCOUNTANTS: Clarke Goodhand Smith Limited
12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN

GK Consultancy Services Limited (Registered number: 04275490)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,957 1,910
1,957 1,910

CURRENT ASSETS
Debtors 6 472 473
Cash at bank 79,773 55,068
80,245 55,541
CREDITORS
Amounts falling due within one
year

7

6,196

772
NET CURRENT ASSETS 74,049 54,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,006

56,679

PROVISIONS FOR LIABILITIES 8 342 326
NET ASSETS 75,664 56,353

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 10 75,364 56,053
SHAREHOLDERS' FUNDS 75,664 56,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GK Consultancy Services Limited (Registered number: 04275490)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





G Kenton - Director


GK Consultancy Services Limited (Registered number: 04275490)

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

1. STATUTORY INFORMATION

GK Consultancy 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

GK Consultancy Services Limited (Registered number: 04275490)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 100,000
AMORTISATION
At 1 April 2022
and 31 March 2023 100,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 4,461 7,018 4,034 15,513
Additions - - 679 679
At 31 March 2023 4,461 7,018 4,713 16,192
DEPRECIATION
At 1 April 2022 4,312 5,937 3,354 13,603
Charge for year 22 270 340 632
At 31 March 2023 4,334 6,207 3,694 14,235
NET BOOK VALUE
At 31 March 2023 127 811 1,019 1,957
At 31 March 2022 149 1,081 680 1,910

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 472 473

GK Consultancy Services Limited (Registered number: 04275490)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 5,472 12
Directors' current accounts 3 39
Accrued expenses 721 721
6,196 772

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 342 326

Deferred
tax
£   
Balance at 1 April 2022 326
Accelerated capital allowances 16
Balance at 31 March 2023 342

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100
100 Ordinary-A £1 100 100
100 Ordinary-B £1 100 100
300 300

10. RESERVES
Retained
earnings
£   

At 1 April 2022 56,053
Profit for the year 23,601
Dividends (4,290 )
At 31 March 2023 75,364

11. CONTROLLING PARTY

The company was controlled by its directors throughout the period.