GBS Consulting Ltd
Registered number: 04815690
Statement of Financial Position
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 174,834 121,804
Financial assets 933,617 5,381
1,108,451 127,185
Current assets
Debtors 4 235,317 203,675
Cash at bank and in hand 412,357 1,051,390
647,674 1,255,065
Creditors: amounts falling due within one year 5 (199,206) (171,694)
Net current assets 448,468 1,083,371
Total assets less current liabilities 1,556,919 1,210,556
Creditors: amounts falling due after more than one year 6 - (28,950)
Provisions for liabilities (33,218) (22,364)
Net assets 1,523,701 1,159,242
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,523,601 1,159,142
Shareholders' funds 1,523,701 1,159,242
The directors are 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 directors acknowledge their 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 has not been delivered to the Registrar of Companies.
Mr G Stokoe
Director
Approved by the board on 16 November 2023
GBS Consulting Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Unlisted investments (other than investments in subsidiaries, associates and joint ventures) are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.

Changes in fair value/Impairment losses are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 315,011 6,000 321,011
Additions 112,632 - 112,632
Disposals (45,056) - (45,056)
At 30 June 2023 382,587 6,000 388,587
Depreciation
At 1 July 2022 195,109 4,097 199,206
Charge for the year 58,319 475 58,794
On disposals (44,247) - (44,247)
At 30 June 2023 209,181 4,572 213,753
Net book value
At 30 June 2023 173,406 1,428 174,834
At 30 June 2022 119,902 1,903 121,804
4 Debtors 2023 2022
£ £
Trade debtors 205,399 157,305
Prepayments 22,038 14,600
Other debtors 7,880 31,770
235,317 203,675
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 10,217
Trade creditors 2,520 7,594
Accruals 1,695 1,615
Corporation tax 110,379 107,521
Other taxes and social security costs 67,721 41,411
Other creditors 16,891 3,336
199,206 171,694
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 28,950
7 Other information
GBS Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Diamond Ridge
Camberley
Surrey
GU15 4LB
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