Registered number
09019688
G & C Consultancy (London) Limited
Filleted Accounts
31 May 2023
G & C Consultancy (London) Limited
Registered number: 09019688
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,872 6,089
Current assets
Stocks 17,765 19,680
Debtors 4 19,397 22,773
Cash at bank and in hand 115,015 103,371
152,177 145,824
Creditors: amounts falling due within one year 5 (89,520) (58,466)
Net current assets 62,657 87,358
Net assets 67,529 93,447
Capital and reserves
Called up share capital 1 1
Profit and loss account 67,528 93,446
Shareholder's funds 67,529 93,447
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Doughton
Director
Approved by the board on 8 June 2023
G & C Consultancy (London) Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 3,061 10,300 13,361
At 31 May 2023 3,061 10,300 13,361
Depreciation
At 1 June 2022 1,191 6,081 7,272
Charge for the year 373 844 1,217
At 31 May 2023 1,564 6,925 8,489
Net book value
At 31 May 2023 1,497 3,375 4,872
At 31 May 2022 1,870 4,219 6,089
4 Debtors 2023 2022
£ £
Trade debtors 18,485 22,773
Other debtors 912 -
19,397 22,773
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,036 475
Taxation and social security costs 5,982 6,096
Other creditors 82,502 51,895
89,520 58,466
6 Controlling party
The company considers the director to be its controlling party.
7 Other information
G & C Consultancy (London) Limited is a private company limited by shares and incorporated in England. Its registered office is:
46 Calluna Drive
Copthorne
West Sussex
RH10 3XF
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