Registered number
10765051
Year end:
31 March 2023
FITZGERALD GARSIDE COWLEY SOUTHERN LTD
UNAUDITED FILLETED ACCOUNTS
FOR THE YEAR
ENDED 31 MARCH 2023
FITZGERALD GARSIDE COWLEY SOUTHERN LTD
Registered number: 10765051
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
FIXED ASSETS
Intangible assets 3 - 5,280
Tangible assets 4 2,516 1,668
2,516 6,948
CURRENT ASSETS
Debtors 5 164,498 176,306
Cash at bank and in hand 75,214 7,642
239,712 183,948
CREDITORS: amounts falling due within one year 6 (29,819) (18,874)
NET CURRENT ASSETS 209,893 165,074
TOTAL ASSETS LESS CURRENT LIABILITIES 212,409 172,022
Provisions for liabilities (478) (317)
NET ASSETS £ 211,931 £ 171,705
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium - 237,743
Profit and loss account 210,931 (67,038)
SHAREHOLDER'S FUNDS £ 211,931 £ 171,705
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 member has 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 in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account is not delivered to Companies House.
Mr A J Cowley
Director
Approved by the board on 14 November 2023
FITZGERALD GARSIDE COWLEY SOUTHERN LTD
Notes to the Accounts
for the year ended 31 March 2023
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 receivable. Turnover from the sale of any goods is recognised when goods are delivered and legal title has passed.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% p.a. on a reducing balance basis
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on a non-discounted basis at the tax rates which are expected to apply in the periods when the timing differences are expected to reverse.
Pensions
Contributions to defined contribution plans are charged to the profit and loss account in the period in which they are paid.
Grants
Government grants under the Coronavirus Job Retention Scheme are recognised on an accruals basis.
2 EMPLOYEES 2023 2022
Number Number
Average number of persons employed by the company
(excluding directors with no specific service contract) 1 1
FITZGERALD GARSIDE COWLEY SOUTHERN LTD
Notes to the Accounts
for the year ended 31 March 2023
3 INTANGIBLE FIXED ASSETS £
Goodwill:
Cost
At 1 April 2022 35,200
At 31 March 2023 35,200
Amortisation
At 1 April 2022 29,920
Provided during the year 5,280
At 31 March 2023 35,200
Net book value
At 31 March 2023 £ -
At 31 March 2022 £ 5,280
Goodwill has been written off over its estimated economic life of 5 years.
4 TANGIBLE FIXED ASSETS
Office Equipment
£
Cost
At 1 April 2022 4,713
Additions 1,687
At 31 March 2023 6,400
Depreciation
At 1 April 2022 3,045
Charge for the year 839
At 31 March 2023 3,884
Net book value
At 31 March 2023 £ 2,516
At 31 March 2022 £ 1,668
FITZGERALD GARSIDE COWLEY SOUTHERN LTD
Notes to the Accounts
for the year ended 31 March 2023
5 DEBTORS 2023 2022
£ £
Trade debtors 13,494 31,831
Loan to director 105,218 103,956
Other debtors 45,786 40,519
£ 164,498 £ 176,306
Amounts due after more than one year included above £ 33,786 £ 33,201
6 CREDITORS: amounts falling due within one year 2023 2022
£ £
Corporation tax 19,638 10,753
Other taxes and social security costs 8,342 6,059
Other creditors 1,839 2,062
£ 29,819 £ 18,874
7 LOANS TO DIRECTORS
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr A J Cowley
Temporary loan subject to interest at the official rates applied to beneficial loans 103,956 1,262 - 105,218
£ 103,956 £ 1,262 £ - £ 105,218
8 OTHER INFORMATION
Fitzgerald Garside Cowley Southern Limited is a private company limited by shares and incorporated in England. Its registered office is:
Titsey Estate Office
Pilgrims Lane
Oxted
Surrey
RH8 0SE
The accounts are for the individual company and are presented in Sterling which is the functional currency of the company.
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