Registered number
01346273
Gulman Consultants Limited
Filleted Accounts
31 December 2023
Gulman Consultants Limited
Registered number: 01346273
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 733,539 578,812
Investments 4 116,580 116,580
850,119 695,392
Current assets
Debtors 5 354,078 470,003
Cash at bank and in hand 1,216 17,717
355,294 487,720
Creditors: amounts falling due within one year 6 (208,860) (222,846)
Net current assets 146,434 264,874
Net assets 996,553 960,266
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 991,553 955,266
Shareholders' funds 996,553 960,266
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T. S. Mandair
Director
Approved by the board on 12 September 2024
Gulman Consultants Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes rental income from properties owned by the company.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 577,745 4,196 581,941
Additions 154,993 - 154,993
At 31 December 2023 732,738 4,196 736,934
Depreciation
At 1 January 2023 - 3,129 3,129
Charge for the year - 266 266
At 31 December 2023 - 3,395 3,395
Net book value
At 31 December 2023 732,738 801 733,539
At 31 December 2022 577,745 1,067 578,812
Freehold land and buildings: 2023 2022
£ £
Historical cost 732,738 577,745
Cumulative depreciation based on historical cost - -
732,738 577,745
The properties have not been valued professionally, however in the opinion of the directors, the properties are worth £1.5m at 7% return.
4 Investments
Other
investments
£
Cost
At 1 January 2023 116,580
At 31 December 2023 116,580
Historical cost
At 1 January 2023 116,580
At 31 December 2023 116,580
5 Debtors 2023 2022
£ £
Trade debtors 20,647 10,883
Other debtors - Aton Investments Ltd 333,431 459,120
354,078 470,003
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 19,286 29,164
Trade creditors 3,080 1,045
Taxation and social security costs 9,373 4,160
Prepaid rents and deposits 15,065 15,147
Director's loan account 161,956 173,330
Other creditors 100 -
208,860 222,846
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 19,286 29,164
Bank loans of £19,286 are secured on the properties.
8 Other information
Gulman Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
21 Colbert Avenue
Southend On Sea
Essex
SS1 3BH
Gulman Consultants Limited 01346273 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 T. S. Mandair No description of principal activity 01346273 2022-01-01 2022-12-31 01346273 core:WithinOneYear 2022-12-31 01346273 core:ShareCapital 2022-12-31 01346273 core:RetainedEarningsAccumulatedLosses 2022-12-31 01346273 2023-01-01 2023-12-31 01346273 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01346273 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01346273 bus:Director40 2023-01-01 2023-12-31 01346273 1 2023-01-01 2023-12-31 01346273 2 2023-01-01 2023-12-31 01346273 core:LandBuildings 2023-01-01 2023-12-31 01346273 core:PlantMachinery 2023-01-01 2023-12-31 01346273 countries:England 2023-01-01 2023-12-31 01346273 bus:FRS102 2023-01-01 2023-12-31 01346273 bus:FilletedAccounts 2023-01-01 2023-12-31 01346273 2023-12-31 01346273 core:WithinOneYear 2023-12-31 01346273 core:ShareCapital 2023-12-31 01346273 core:RetainedEarningsAccumulatedLosses 2023-12-31 01346273 core:LandBuildings 2023-12-31 01346273 core:PlantMachinery 2023-12-31 01346273 2022-12-31 01346273 core:LandBuildings 2022-12-31 01346273 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure