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REGISTERED NUMBER: SC590410 (Scotland)















G&D Aviation Consulting Limited

Financial Statements For The Year Ended 31 March 2023






G&D Aviation Consulting Limited (Registered number: SC590410)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G&D Aviation Consulting Limited

Company Information
For The Year Ended 31 March 2023







DIRECTOR: Mrs S E Tod



REGISTERED OFFICE: 1 Findrassie Crescent
Elgin
Moray
IV30 6AR



REGISTERED NUMBER: SC590410 (Scotland)



ACCOUNTANTS: Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Bank of Scotland
8 Lochside Avenue
Edinburgh
EH12 9DJ

G&D Aviation Consulting Limited (Registered number: SC590410)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 148

CURRENT ASSETS
Debtors 5 191,293 132,926
Cash at bank 7,224 7,897
198,517 140,823
CREDITORS
Amounts falling due within one year 6 190,230 146,982
NET CURRENT ASSETS/(LIABILITIES) 8,287 (6,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,287

(6,011

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 8,286 (6,012 )
SHAREHOLDERS' FUNDS 8,287 (6,011 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 February 2024 and were signed by:





Mrs S E Tod - Director


G&D Aviation Consulting Limited (Registered number: SC590410)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

G&D Aviation Consulting Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

G&D Aviation Consulting Limited (Registered number: SC590410)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2022
and 31 March 2023 1,430
DEPRECIATION
At 1 April 2022 1,282
Charge for year 148
At 31 March 2023 1,430
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 186,163 123,756
Other debtors 5,130 9,170
191,293 132,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 147,862 101,616
Taxation and social security 1,944 -
Other creditors 40,424 45,366
190,230 146,982

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary 1 1 1

8. RESERVES
Retained
earnings
£   

At 1 April 2022 (6,012 )
Profit for the year 14,298
At 31 March 2023 8,286

G&D Aviation Consulting Limited (Registered number: SC590410)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

9. RELATED PARTY DISCLOSURES

As at 31 March 2022 the company owed the director £25,076. During the year the company met expenditure on behalf of the director amounting to £6,405. At 31 March 2023 the company owed the director £18,671. This loan is interest free and has no fixed terms of repayment.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S E Tod.