Company registration number 07409872 (England and Wales)
ALAN GILLIES (LEARNING CONSULTANCY) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
ALAN GILLIES (LEARNING CONSULTANCY) LTD
CONTENTS
Page
Accountants' report
1
Statement of financial position
2
Notes to the financial statements
3 - 5
ALAN GILLIES (LEARNING CONSULTANCY) LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALAN GILLIES (LEARNING CONSULTANCY) LTD FOR THE YEAR ENDED 31 OCTOBER 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alan Gillies (Learning Consultancy) Ltd for the year ended 31 October 2023 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Alan Gillies (Learning Consultancy) Ltd, as a body, in accordance with the terms of our engagement letter dated 16 August 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Alan Gillies (Learning Consultancy) Ltd and state those matters that we have agreed to state to the board of directors of Alan Gillies (Learning Consultancy) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alan Gillies (Learning Consultancy) Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Alan Gillies (Learning Consultancy) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alan Gillies (Learning Consultancy) Ltd. You consider that Alan Gillies (Learning Consultancy) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Alan Gillies (Learning Consultancy) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Bishops
2 February 2024
Chartered Accountants
1 Croft Court
Plumpton Close
Whitehills Business Park
Blackpool
Lancashire
FY4 5PR
ALAN GILLIES (LEARNING CONSULTANCY) LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023
31 October 2023
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2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
597
466
Current assets
Debtors
4
1,435
3,018
Cash at bank and in hand
648
5,956
2,083
8,974
Creditors: amounts falling due within one year
5
(2,115)
(6,778)
Net current (liabilities)/assets
(32)
2,196
Total assets less current liabilities
565
2,662
Provisions for liabilities
(149)
(89)
Net assets
416
2,573
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
415
2,572
Total equity
416
2,573
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 2 February 2024
Prof A C Gillies
Director
Company Registration No. 07409872
ALAN GILLIES (LEARNING CONSULTANCY) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
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1
Accounting policies
Company information
Alan Gillies (Learning Consultancy) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2 Bearswood Croft, Clayton-le-Woods, Chorley, Lancashire, PR6 7SJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
50% on cost
Computers
50% on cost
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
ALAN GILLIES (LEARNING CONSULTANCY) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 November 2022
756
10,121
10,877
Additions
1,192
1,192
At 31 October 2023
756
11,313
12,069
Depreciation and impairment
At 1 November 2022
643
9,768
10,411
Depreciation charged in the year
113
948
1,061
At 31 October 2023
756
10,716
11,472
Carrying amount
At 31 October 2023
597
597
At 31 October 2022
113
353
466
ALAN GILLIES (LEARNING CONSULTANCY) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
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4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
4
3,018
Other debtors
1,431
1,435
3,018
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
2,967
Corporation tax
1,465
295
Other taxation and social security
1,866
Other creditors
650
1,650
2,115
6,778