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Registration number: 08194109

Contact Gearing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

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Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

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Company Information





 

Director




 

Mr Graham Michael Penning

Registered office





 

36 Riley Park
Kirkburton
Huddersfield
England
HD8 0SA

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

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Director's Report
for the Year Ended 31 August 2023

The director presents his report and the financial statements for the year ended 31 August 2023.

Director of the company

The director who held office during the year was as follows:

Mr Graham Michael Penning

Principal activity

The principal activity of the company is management consultancy

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 4 March 2024
 

.........................................
Mr Graham Michael Penning
Director

 

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(Registration number: 08194109 )
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,964

507

Current assets

 

Debtors

5

428

423

Cash at bank and in hand

 

22,649

29,760

 

23,077

30,183

Creditors: Amounts falling due within one year

6

(1,826)

(1,087)

Net current assets

 

21,251

29,096

Net assets

 

23,215

29,603

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

23,213

29,601

Shareholders' funds

 

23,215

29,603

For the financial year ending 31 August 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 March 2024
 

.........................................
Mr Graham Michael Penning
Director

 

Contact Gearing Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
36 Riley Park
Kirkburton
Huddersfield
England
HD8 0SA
United Kingdom

These financial statements were authorised for issue by the director on 4 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

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Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% on reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

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Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

4

Tangible assets

Computer equipment
£

Total
£

Cost or valuation

At 1 September 2022

4,536

4,536

Additions

2,424

2,424

At 31 August 2023

6,960

6,960

Depreciation

At 1 September 2022

4,029

4,029

Charge for the year

967

967

At 31 August 2023

4,996

4,996

Carrying amount

At 31 August 2023

1,964

1,964

At 31 August 2022

507

507

5

Debtors

Current

2023
£

2022
£

Prepayments

318

318

Other debtors

110

105

 

428

423

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1

1

Accruals and deferred income

1,453

670

Other creditors

372

416

1,826

1,087

 

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Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2