Registered number
08084844
Gifla Associates Limited
Filleted Accounts
31 March 2024
Gifla Associates Limited
Registered number: 08084844
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 62 83
Current assets
Debtors 4 6,066 9,120
Cash at bank and in hand 14,223 7,753
20,289 16,873
Creditors: amounts falling due within one year 5 (15,890) (12,315)
Net current assets 4,399 4,558
Net assets 4,461 4,641
Capital and reserves
Called up share capital 40 40
Profit and loss account 4,421 4,601
Shareholders' funds 4,461 4,641
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.
J Hulatt
Director
Approved by the board on 22 October 2024
Gifla Associates Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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:
Plant and machinery 25% reducing balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 5,136
At 31 March 2024 5,136
Depreciation
At 1 April 2023 5,053
Charge for the year 21
At 31 March 2024 5,074
Net book value
At 31 March 2024 62
At 31 March 2023 83
4 Debtors 2024 2023
£ £
Other debtors 6,066 9,120
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9,326 821
Corporation tax 4,419 7,575
Other taxes and social security costs 939 -
Other creditors 1,206 3,919
15,890 12,315
6 Other information
Gifla Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Studio 3
Capability House
Wrest Park
Silsoe
MK45 4HR
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