Gifla Associates Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
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Tangible fixed assets |
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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: |
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Plant and machinery |
25% reducing balance |
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Taxation |
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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. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 April 2023 |
5,136 |
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At 31 March 2024 |
5,136 |
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Depreciation |
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At 1 April 2023 |
5,053 |
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Charge for the year |
21 |
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At 31 March 2024 |
5,074 |
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Net book value |
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At 31 March 2024 |
62 |
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At 31 March 2023 |
83 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Other debtors |
6,066 |
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9,120 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
9,326 |
|
821 |
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Corporation tax |
4,419 |
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7,575 |
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Other taxes and social security costs |
939 |
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- |
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Other creditors |
1,206 |
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3,919 |
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15,890 |
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12,315 |
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6 |
Other information |
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Gifla Associates Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Studio 3 |
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Capability House |
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Wrest Park |
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Silsoe |
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MK45 4HR |