REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
GTO Consultancy Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
GTO Consultancy Limited |
GTO Consultancy Limited (Registered number: 09399621) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Statement of Financial Position | 1 |
GTO Consultancy Limited (Registered number: 09399621) |
Statement of Financial Position |
31 March 2023 |
2023 | 2022 |
£ | £ |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
ACCRUALS AND DEFERRED INCOME |
NET ASSETS |
CAPITAL AND RESERVES |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
GTO Consultancy Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was |
GTO Consultancy Limited (Registered number: 09399621) |
Statement of Financial Position - continued |
31 March 2023 |
NOTES TO THE FINANCIAL STATEMENTS |
3. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The loan is unsecured, interest free and repayable on demand. |
The above loan to the director is unsecured and repayable on demand. Interest was charged on the loan to the director at a rate of 2% per annum and this totalled £1,424 (2022 - £nil) during the financial year. Interest is included within 'other interest received' in the profit and loss account. |
4. | OTHER FINANCIAL COMMITMENTS |
There were no commitments, contingencies or guarantees made on behalf of directors. |
5. | OFF-BALANCE SHEET ARRANGEMENTS |
There were no off-balance sheet arrangements at the balance sheet date. |
5. | IR35 |
The company operates under IR35. Turnover is reflected gross of any tax and national insurance deductions from the fee payer. Tax and national insurance deductions are reflected as an expense in the profit and loss account. The director withdraws the balance of income as non-taxable dividends. |
The company also declared taxable dividends in the financial year from pre-IR35 status retained profits. |
GTO Consultancy Limited (Registered number: 09399621) |
Statement of Financial Position - continued |
31 March 2023 |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |