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COMPANY REGISTRATION NUMBER: 05529333
Dunnell Gillingwater and Associates Ltd
Filleted Unaudited Financial Statements
31 December 2023
Dunnell Gillingwater and Associates Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
425
837
Current assets
Debtors
6
50,457
34,630
Cash at bank and in hand
168,734
184,546
---------
---------
219,191
219,176
Creditors: amounts falling due within one year
7
( 70,968)
( 60,073)
---------
---------
Net current assets
148,223
159,103
---------
---------
Total assets less current liabilities
148,648
159,940
---------
---------
Net assets
148,648
159,940
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
148,647
159,939
---------
---------
Shareholders funds
148,648
159,940
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dunnell Gillingwater and Associates Ltd
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
Ms C Gillingwater
Director
Company registration number: 05529333
Dunnell Gillingwater and Associates Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, London, WC2H 7DQ, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, and in accordance with applicable accounting standards. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for media training and presentation coaching stated net of discounts and of Value Added Tax. Revenue is recognised once the services has been provided to the client.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
33% straight line
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial assets Financial assets are recognised when the Company becomes a party to the contractual provisions of the financial instrument. The Company does not hold any third party financial assets. Financial liabilities and equity instruments Financial liabilities and equity are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
28,436
8,083
36,519
--------
-------
--------
Depreciation
At 1 January 2023
28,436
7,246
35,682
Charge for the year
412
412
--------
-------
--------
At 31 December 2023
28,436
7,658
36,094
--------
-------
--------
Carrying amount
At 31 December 2023
425
425
--------
-------
--------
At 31 December 2022
837
837
--------
-------
--------
6. Debtors
2023
2022
£
£
Trade debtors
50,157
34,630
Other debtors
300
--------
--------
50,457
34,630
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
44,345
36,036
Social security and other taxes
20,849
22,891
Other creditors
5,774
1,146
--------
--------
70,968
60,073
--------
--------
8. Other financial commitments
As at 31 December 2023 the Company had no capital or other commitments or contracts for capital expenditure in place (2022: £nil).
9. Related party transactions
No transactions were undertaken with related parties as such that are required to be disclosed under FRS 102 1A.