4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 6,204 833 1,597 5,440 2,579 1,816 1,293 3,102 2,338 3,625 xbrli:pure xbrli:shares iso4217:GBP 09339894 2023-01-01 2023-12-31 09339894 2023-12-31 09339894 2022-12-31 09339894 2022-01-01 2022-12-31 09339894 2022-12-31 09339894 2021-12-31 09339894 bus:Director1 2023-01-01 2023-12-31 09339894 core:WithinOneYear 2023-12-31 09339894 core:WithinOneYear 2022-12-31 09339894 core:AfterOneYear 2023-12-31 09339894 core:AfterOneYear 2022-12-31 09339894 core:UKTax 2023-01-01 2023-12-31 09339894 core:UKTax 2022-01-01 2022-12-31 09339894 core:ShareCapital 2023-12-31 09339894 core:ShareCapital 2022-12-31 09339894 core:RetainedEarningsAccumulatedLosses 2023-12-31 09339894 core:RetainedEarningsAccumulatedLosses 2022-12-31 09339894 bus:SmallEntities 2023-01-01 2023-12-31 09339894 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09339894 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09339894 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09339894 bus:FullAccounts 2023-01-01 2023-12-31 09339894 core:ComputerEquipment 2023-01-01 2023-12-31 09339894 core:ComputerEquipment 2022-12-31 09339894 core:ComputerEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 09339894
GAINES ROBSON INSOLVENCY LTD.
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2023
GAINES ROBSON INSOLVENCY LTD.
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
6
2,338
3,625
CURRENT ASSETS
Debtors
7
491,181
514,846
Cash at bank and in hand
596,168
320,582
------------
---------
1,087,349
835,428
CREDITORS: amounts falling due within one year
8
( 275,828)
( 234,912)
------------
---------
NET CURRENT ASSETS
811,521
600,516
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
813,859
604,141
CREDITORS: amounts falling due after more than one year
9
( 18,449)
( 29,097)
PROVISIONS
Taxation including deferred tax
( 444)
( 497)
---------
---------
NET ASSETS
794,966
574,547
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
794,866
574,447
---------
---------
SHAREHOLDERS FUNDS
794,966
574,547
---------
---------
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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GAINES ROBSON INSOLVENCY LTD.
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 24 September 2024 , and are signed on behalf of the board by:
D J Robson
Director
Company registration number: 09339894
GAINES ROBSON INSOLVENCY 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 Carrwood Park, Selby Road, Leeds, LS15 4LG.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
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:
Office equipment
-
33% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. TAX ON PROFIT
Major components of tax expense
2023
2022
£
£
Current tax:
UK current tax expense
92,176
62,977
Adjustments in respect of prior periods
( 23)
--------
--------
Total current tax
92,153
62,977
--------
--------
Deferred tax:
Origination and reversal of timing differences
( 53)
--------
--------
Tax on profit
92,100
62,977
--------
--------
6. TANGIBLE ASSETS
Computer Equipment
Total
£
£
Cost
At 1 January 2023
6,204
6,204
Additions
833
833
Disposals
( 1,597)
( 1,597)
-------
-------
At 31 December 2023
5,440
5,440
-------
-------
Depreciation
At 1 January 2023
2,579
2,579
Charge for the year
1,816
1,816
Disposals
( 1,293)
( 1,293)
-------
-------
At 31 December 2023
3,102
3,102
-------
-------
Carrying amount
At 31 December 2023
2,338
2,338
-------
-------
At 31 December 2022
3,625
3,625
-------
-------
7. DEBTORS
2023
2022
£
£
Trade debtors
5,602
82,733
Other debtors
485,579
432,113
---------
---------
491,181
514,846
---------
---------
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,648
9,788
Trade creditors
3,957
3,200
Corporation tax
92,159
62,983
Social security and other taxes
22,808
20,338
Other creditors
146,256
138,603
---------
---------
275,828
234,912
---------
---------
9. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
18,449
29,097
--------
--------