Company No:
Contents
DIRECTOR | Mrs T E M Gendall |
SECRETARY | Mrs T E M Gendall |
REGISTERED OFFICE | 79-81 Boslowick Road |
Falmouth | |
TR11 4QD | |
United Kingdom |
COMPANY NUMBER | 04040522 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Lowin House | |
Tregolls Road | |
Truro | |
Cornwall TR1 2NA |
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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2,193 | 4,314 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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31,924 | 85,131 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current (liabilities)/assets | (18,560) | 42,106 | ||
Total assets less current liabilities | (16,367) | 46,420 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Provision for liabilities |
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Net (liabilities)/assets | (
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Capital and reserves | ||||
Called-up share capital | 7 |
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Share premium account |
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Profit and loss account | (
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Total shareholder's (deficit)/funds | (
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Director's responsibilities:
The financial statements of Gendall Design Limited (registered number:
Mrs T E M Gendall
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Gendall Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 79-81 Boslowick Road, Falmouth, TR11 4QD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The accounts show a loss for the year after tax of £46,032 and net liabilities at the year end of £39,715. Since the year end, the company has secured new trading contracts that the director anticipates will allow the company to return to profit. The director has assessed likely future cash flows at the date of approving these financial statements and has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from this date. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Revenue from services provided is recognised as they are delivered.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
Leasehold improvements | not depreciated |
Fixtures and fittings |
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Properties are held at fair value at the date of valuation less subsequent depreciation and impairment.
The company broke the lease on its property in April 2022 and so the cost of leasehold improvements has been impaired to zero.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments 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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Leasehold improve- ments |
Fixtures and fittings | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 September 2022 |
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Disposals | (
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At 31 August 2023 |
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Accumulated depreciation | |||||
At 01 September 2022 |
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Charge for the financial year |
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Disposals | (
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At 31 August 2023 |
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Net book value | |||||
At 31 August 2023 |
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At 31 August 2022 |
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2023 | 2022 | ||
£ | £ | ||
Trade debtors |
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Prepayments |
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Corporation tax |
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Other debtors |
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2023 | 2022 | ||
£ | £ | ||
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to director |
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Accruals and deferred income |
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Other taxation and social security |
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Other creditors |
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2023 | 2022 | ||
£ | £ | ||
Bank loans |
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2023 | 2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Transactions with the entity's director
2023 | 2022 | ||
£ | £ | ||
Mrs T E M Gendall | 0 | 0 |
Advances