2023-07-012024-06-302024-06-30false14182625GARETH FERGUSON TECHNOLOGY 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GARETH FERGUSON TECHNOLOGY LIMITED

Registered Number
14182625
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

GARETH FERGUSON TECHNOLOGY LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

FERGUSON, Gareth

Registered Address

14 Balliol Avenue
Newcastle Upon Tyne
NE12 7PN

Registered Number

14182625 (England and Wales)
GARETH FERGUSON TECHNOLOGY LIMITED
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,704946
3,704946
Current assets
Debtors8,91011,220
Cash at bank and on hand17,76029,616
26,67040,836
Creditors amounts falling due within one year(16,821)(22,851)
Net current assets (liabilities)9,84917,985
Total assets less current liabilities13,55318,931
Creditors amounts falling due after one year(542)(12,254)
Net assets13,0116,677
Capital and reserves
Called up share capital11
Profit and loss account13,0106,676
Shareholders' funds13,0116,677
The financial statements were approved and authorised for issue by the Director on 18 July 2024, and are signed on its behalf by:
FERGUSON, Gareth
Director
Registered Company No. 14182625
GARETH FERGUSON TECHNOLOGY LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year10
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 231,182
Additions3,688
At 30 June 244,870
Depreciation and impairment
At 01 July 23236
Charge for year930
At 30 June 241,166
Net book value
At 30 June 243,704
At 30 June 23946