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REGISTERED NUMBER: 13887080 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GARETH J GREY FINANCIAL CONSULTING LTD

GARETH J GREY FINANCIAL CONSULTING LTD (REGISTERED NUMBER: 13887080)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


GARETH J GREY FINANCIAL CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTORS: G Grey
Mrs K J Grey





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 13887080 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

GARETH J GREY FINANCIAL CONSULTING LTD (REGISTERED NUMBER: 13887080)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,508 875

CURRENT ASSETS
Debtors 5 6,187 -
Cash at bank 3,695 15,301
9,882 15,301
CREDITORS
Amounts falling due within one year 6 3,217 12,982
NET CURRENT ASSETS 6,665 2,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,173

3,194

PROVISIONS FOR LIABILITIES 158 219
NET ASSETS 8,015 2,975

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 8,014 2,974
SHAREHOLDERS' FUNDS 8,015 2,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





G Grey - Director


GARETH J GREY FINANCIAL CONSULTING LTD (REGISTERED NUMBER: 13887080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024

1. STATUTORY INFORMATION

Gareth J Grey Financial Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GARETH J GREY FINANCIAL CONSULTING LTD (REGISTERED NUMBER: 13887080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 890 244 1,134
Additions 279 849 1,128
At 31 March 2024 1,169 1,093 2,262
DEPRECIATION
At 1 April 2023 178 81 259
Charge for year 225 270 495
At 31 March 2024 403 351 754
NET BOOK VALUE
At 31 March 2024 766 742 1,508
At 31 March 2023 712 163 875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,876 -
Prepayments 311 -
6,187 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,573 1,455
Social security and other taxes 35 (103 )
Directors' current accounts 289 10,310
Accrued expenses 1,320 1,320
3,217 12,982

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary .01 1 1

GARETH J GREY FINANCIAL CONSULTING LTD (REGISTERED NUMBER: 13887080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

8. RESERVES
Retained
earnings
£   

At 1 April 2023 2,974
Profit for the year 8,040
Dividends (3,000 )
At 31 March 2024 8,014

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
G Grey and Mrs K J Grey
Balance outstanding at start of year 10,310 -
Amounts advanced 4,312 11,318
Amounts repaid (14,333 ) (1,008 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 289 10,310

10. ULTIMATE CONTROLLING PARTY

The company is controlled jointly by its 2 directors and shareholders.