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REGISTERED NUMBER: 07670285 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

GCD Solutions Limited

GCD Solutions Limited (Registered number: 07670285)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


GCD Solutions Limited

Company Information
for the Year Ended 30 June 2024







Director: M D'Ancona





Registered office: The Gatehouse
2 Devonhurst Place
Chiswick
London
W4 4JD





Registered number: 07670285 (England and Wales)





Accountants: Freeman Carr
Chartered Certified Accountants
The Gatehouse
2 Devonhurst Place
Heathfield Terrace
Chiswick
London
W4 4JD

GCD Solutions Limited (Registered number: 07670285)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,826 3,030

Current assets
Debtors 5 64,313 12,222
Cash at bank and in hand 86,566 112,986
150,879 125,208
Creditors
Amounts falling due within one year 6 100,053 72,999
Net current assets 50,826 52,209
Total assets less current liabilities 53,652 55,239

Provisions for liabilities 706 758
Net assets 52,946 54,481

Capital and reserves
Called up share capital 100 100
Share premium 1,999 1,999
Retained earnings 50,847 52,382
52,946 54,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2024 and were signed by:





M D'Ancona - Director


GCD Solutions Limited (Registered number: 07670285)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

GCD Solutions Limited 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
As at 30 June 2022 the company had net current liabilities of (£4,909). The ability of the company to continue to trade and meet its liabilities as they fall due is dependent on the company's director continuing to support it and not request repayment of the loans advanced to the company, which he has said he will not. The director therefore considers it appropriate to prepare the accounts on the going concern basis.

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.

Computer Equipment - 20% reducing balance.

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like cash and bank balances, trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

GCD Solutions Limited (Registered number: 07670285)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 July 2023 3,611
Additions 502
At 30 June 2024 4,113
Depreciation
At 1 July 2023 581
Charge for year 706
At 30 June 2024 1,287
Net book value
At 30 June 2024 2,826
At 30 June 2023 3,030

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 30,173 -
Other debtors 34,140 12,222
64,313 12,222

6. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 85,464 41,717
Other creditors 14,589 31,282
100,053 72,999