2023-07-01 07675617 2024-06-30 07675617 2023-07-01 2024-06-30 07675617 2023-06-30 07675617 2022-07-01 2023-06-30 07675617 uk-core:WithinOneYear 2023-06-30 07675617 uk-core:WithinOneYear 2024-06-30 07675617 uk-core:ShareCapital 2024-06-30 07675617 uk-core:ShareCapital 2023-06-30 07675617 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 07675617 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 07675617 uk-bus:Director1 2023-07-01 2024-06-30 07675617 uk-core:OfficeEquipment 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure 07675617 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07675617 uk-bus:FRS102 2023-07-01 2024-06-30 07675617 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 07675617 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
GBIT Consultancy Limited
Registered Number:07675617
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
GBIT Consultancy Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07675617
As at 30 June 2024
GBIT Consultancy Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
4,082
5,443
2
4,082
5,443
Current assets
Trade and other receivables
15,840
14,400
3
37,858
Cash and cash equivalents
24,008
38,408
53,698
Trade and other payables: amounts falling due within one year
(27,786)
(34,991)
4
25,912
3,417
Net current assets
Total assets less current liabilities
7,499
31,355
(929)
(1,034)
Provisions for liabilities
6,570
Net assets
30,321
Capital and reserves
Called up share capital
100
100
Retained earnings
6,470
30,221
6,570
30,321
Shareholders' funds
For the year ended 30 June 2024 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 financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Gary Brennan Director
These financial statements were approved and authorised for issue by the Board on 19 July 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 June 2024
GBIT Consultancy Limited
Notes to the Financial Statements
Statutory Information
GBIT Consultancy Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07675617.
Principal place of business:
29 Derriads Lane
Chippenham
Wiltshire
SN14 0QL
Registered address:
Windyridge
Amberley
Stroud
Gloucestershire
GL5 5AA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation
of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2 of 3
5
For the year ended 30 June 2024
GBIT Consultancy Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
Equipment
£
Cost or valuation
At 01 July 2023
14,473
At 30 June 2024
14,473
Provision for depreciation and impairment
At 01 July 2023
9,030
Charge for year
1,361
At 30 June 2024
10,391
At 30 June 2024
Net book value
4,082
At 30 June 2023
5,443
3. Trade and other receivables
2023
2024
£
£
Trade debtors
14,400
15,840
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
31,114
25,612
Other creditors
3,877
2,174
34,991
27,786
5. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
3 of 3