Silverfin false 27/02/2023 28/02/2022 27/02/2023 Gregory Stuart Larkin 27/06/2018 27 November 2023 The principal activity of the Company during the financial year was business consultancy. 09447253 2023-02-27 09447253 bus:Director1 2023-02-27 09447253 2022-02-27 09447253 core:CurrentFinancialInstruments 2023-02-27 09447253 core:CurrentFinancialInstruments 2022-02-27 09447253 core:Non-currentFinancialInstruments 2023-02-27 09447253 core:Non-currentFinancialInstruments 2022-02-27 09447253 core:ShareCapital 2023-02-27 09447253 core:ShareCapital 2022-02-27 09447253 core:RetainedEarningsAccumulatedLosses 2023-02-27 09447253 core:RetainedEarningsAccumulatedLosses 2022-02-27 09447253 core:OtherPropertyPlantEquipment 2022-02-27 09447253 core:OtherPropertyPlantEquipment 2023-02-27 09447253 2022-02-28 2023-02-27 09447253 bus:FullAccounts 2022-02-28 2023-02-27 09447253 bus:SmallEntities 2022-02-28 2023-02-27 09447253 bus:AuditExemptWithAccountantsReport 2022-02-28 2023-02-27 09447253 bus:PrivateLimitedCompanyLtd 2022-02-28 2023-02-27 09447253 bus:Director1 2022-02-28 2023-02-27 09447253 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-02-28 2023-02-27 09447253 2021-02-28 2022-02-27 09447253 core:OtherPropertyPlantEquipment 2022-02-28 2023-02-27 09447253 core:Non-currentFinancialInstruments 2022-02-28 2023-02-27 iso4217:GBP xbrli:pure

Company No: 09447253 (England and Wales)

GREG LARKIN ASSOCIATES LIMITED

Unaudited Financial Statements
For the financial year ended 27 February 2023
Pages for filing with the registrar

GREG LARKIN ASSOCIATES LIMITED

Unaudited Financial Statements

For the financial year ended 27 February 2023

Contents

GREG LARKIN ASSOCIATES LIMITED

BALANCE SHEET

As at 27 February 2023
GREG LARKIN ASSOCIATES LIMITED

BALANCE SHEET (continued)

As at 27 February 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,693 1,544
1,693 1,544
Current assets
Debtors 4 21,679 7,541
Cash at bank and in hand 4,028 52,481
25,707 60,022
Creditors: amounts falling due within one year 5 ( 19,719) ( 33,574)
Net current assets 5,988 26,448
Total assets less current liabilities 7,681 27,992
Creditors: amounts falling due after more than one year 6 ( 7,248) ( 10,131)
Net assets 433 17,861
Capital and reserves
Called-up share capital 100 100
Profit and loss account 333 17,761
Total shareholder's funds 433 17,861

For the financial year ending 27 February 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 financial statements of Greg Larkin Associates Limited (registered number: 09447253) were approved and authorised for issue by the Director on 27 November 2023. They were signed on its behalf by:

Gregory Stuart Larkin
Director
GREG LARKIN ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 27 February 2023
GREG LARKIN ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 27 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Greg Larkin Associates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 The Cloisters Wimborne Road West, Wimborne, BH21 2FP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 28 February 2022 4,925 4,925
Additions 1,200 1,200
At 27 February 2023 6,125 6,125
Accumulated depreciation
At 28 February 2022 3,381 3,381
Charge for the financial year 1,051 1,051
At 27 February 2023 4,432 4,432
Net book value
At 27 February 2023 1,693 1,693
At 27 February 2022 1,544 1,544

4. Debtors

2023 2022
£ £
Other debtors 21,679 7,541

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 2,957 2,831
Trade creditors 1,980 1,680
Taxation and social security 12,802 27,383
Other creditors 1,980 1,680
19,719 33,574

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 7,248 10,131

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Key management 21,679 218

Interest @ 2% has been charged on overdrawn loan amount.