Registered number
12965800
Gordon Advisors Ltd
Filleted Accounts
31 October 2023
Gordon Advisors Ltd
Registered number: 12965800
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,761 2,201
Investments 4 3,801 3,801
5,562 6,002
Current assets
Debtors 5 - 14,000
Cash at bank and in hand 11,830 11,180
11,830 25,180
Creditors: amounts falling due within one year 6 (17,292) (18,150)
Net current (liabilities)/assets (5,462) 7,030
Net assets 100 13,032
Capital and reserves
Called up share capital 100 100
Profit and loss account - 12,932
Shareholder's funds 100 13,032
Average number of employees 1
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Robert Gordon Barrie
Director
Approved by the board on 1 October 2024
Gordon Advisors Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 3,141
At 31 October 2023 3,141
Depreciation
At 1 November 2022 940
Charge for the year 440
At 31 October 2023 1,380
Net book value
At 31 October 2023 1,761
At 31 October 2022 2,201
4 Investments
Other
investments
£
Cost
At 1 November 2022 3,801
At 31 October 2023 3,801
5 Debtors 2023 2022
£ £
Trade debtors - 14,000
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 16,744 15,595
Other creditors 548 2,555
17,292 18,150
7 Other information
Gordon Advisors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
134 City Road
London
England
EC1V 2NX
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