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Registration number: 13639165

Dr N C Gaut Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2023

 

Dr N C Gaut Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Dr N C Gaut Ltd

(Registration number: 13639165)
Abridged Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

40,207

51,724

Current assets

 

Stocks

3,542

4,427

Debtors

17,010

5,186

Cash at bank and in hand

 

9,228

28,222

 

29,780

37,835

Creditors: Amounts falling due within one year

(63,663)

(78,751)

Net current liabilities

 

(33,883)

(40,916)

Total assets less current liabilities

 

6,324

10,808

Creditors: Amounts falling due after more than one year

(33,037)

(47,056)

Provisions for liabilities

5,362

9,399

Net liabilities

 

(21,351)

(26,849)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(21,352)

(26,850)

Total equity

 

(21,351)

(26,849)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 her 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 and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 29 February 2024
 

Dr N Gaut

Director

 

Dr N C Gaut Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023

1

General information

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

The address of its registered office is:
5 Selborne Road
Hove
BN3 3AJ

These financial statements were authorised for issue by the director on 29 February 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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 initial loss making period of the company has been supported by a loan from Dr N C Gaut. The director has committed not to demand repayment of the loan if this would cause any doubt about the viability of Dr N C Gaut Ltd as a going concern.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Dr N C Gaut Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023

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

Motor vehicles

25% reducing balance

Plant and machinery

25% straight line

Office equipment

25% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 1).

4

Tangible assets

Total
£

Cost or valuation

At 1 October 2022

68,966

Additions

1,885

At 30 September 2023

70,851

Depreciation

At 1 October 2022

17,242

Charge for the year

13,402

At 30 September 2023

30,644

Carrying amount

At 30 September 2023

40,207

At 30 September 2022

51,724