Silverfin false false 31/01/2024 01/02/2023 31/01/2024 S A Hayday A C Hayday 30 October 2024 The principal activity of the Company during the financial year was management consultancy activities. 10585745 2024-01-31 10585745 2023-01-31 10585745 core:CurrentFinancialInstruments 2024-01-31 10585745 core:CurrentFinancialInstruments 2023-01-31 10585745 core:ShareCapital 2024-01-31 10585745 core:ShareCapital 2023-01-31 10585745 core:RetainedEarningsAccumulatedLosses 2024-01-31 10585745 core:RetainedEarningsAccumulatedLosses 2023-01-31 10585745 core:OtherPropertyPlantEquipment 2023-01-31 10585745 core:OtherPropertyPlantEquipment 2024-01-31 10585745 2023-02-01 2024-01-31 10585745 bus:FilletedAccounts 2023-02-01 2024-01-31 10585745 bus:SmallEntities 2023-02-01 2024-01-31 10585745 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10585745 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10585745 bus:Director1 2023-02-01 2024-01-31 10585745 bus:Director2 2023-02-01 2024-01-31 10585745 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 10585745 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Company No: 10585745 (England and Wales)

GAMMA DELTA ADVISORY LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

GAMMA DELTA ADVISORY LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

GAMMA DELTA ADVISORY LIMITED

BALANCE SHEET

As at 31 January 2024
GAMMA DELTA ADVISORY LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 844 480
844 480
Current assets
Debtors 4 13,305 0
Cash at bank and in hand 451,878 443,379
465,183 443,379
Creditors: amounts falling due within one year 5 ( 15,440) ( 25,713)
Net current assets 449,743 417,666
Total assets less current liabilities 450,587 418,146
Net assets 450,587 418,146
Capital and reserves
Called-up share capital 100 100
Profit and loss account 450,487 418,046
Total shareholders' funds 450,587 418,146

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Gamma Delta Advisory Limited (registered number: 10585745) were approved and authorised for issue by the Board of Directors on 30 October 2024. They were signed on its behalf by:

A C Hayday
Director
GAMMA DELTA ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
GAMMA DELTA ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gamma Delta Advisory Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Nexus House, 2 Cray Road, Sidcup, Kent, DA14 5DA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2023 2,457 2,457
Additions 549 549
At 31 January 2024 3,006 3,006
Accumulated depreciation
At 01 February 2023 1,977 1,977
Charge for the financial year 185 185
At 31 January 2024 2,162 2,162
Net book value
At 31 January 2024 844 844
At 31 January 2023 480 480

4. Debtors

2024 2023
£ £
Other debtors 13,305 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Corporation tax 8,760 11,784
Other creditors 6,680 13,929
15,440 25,713

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts due to director 3,791 1,167

During the year the company made advances of £nil (2023: £20,000) and repayments of £2,624 (2023: £520). The loan to the director is unsecured, interest free and repayable on demand.