Registered number
12335417
Gouroboros Consultancy Ltd
Report and Accounts
30 September 2024
Gouroboros Consultancy Ltd
Registered number: 12335417
Director's Report
The director presents his report and accounts for the year ended 30 September 2024.
Principal activities
The company's principal activity during the year continued to be …
Directors
The following persons served as directors during the year:
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30 October 2023 and signed on its behalf.
Daim Gorkem Genc
Director
Gouroboros Consultancy Ltd
Profit and Loss Account
for the year ended 30 September 2024
2024 2023
£ £
Turnover83,55075,548
Cost of sales- (877)
Gross profit83,55074,671
Administrative expenses(31,152)(26,380)
Other operating income57-
Operating profit52,45548,291
Profit before taxation52,45548,291
Tax on profit- (9,612)
Profit for the financial year52,45538,679
Gouroboros Consultancy Ltd
Registered number:12335417
Balance Sheet
as at 30 September 2024
Notes2024 2023
£ £
Fixed assets
Tangible assets39,3148,920
Current assets
Debtors472,00024,000
Cash at bank and in hand8645,724
72,08669,724
Creditors: amounts falling due within one year5(518)(18,917)
Net current assets71,56850,807
Net assets80,88259,727
Capital and reserves
Called up share capital100100
Profit and loss account80,78259,627
Shareholder's funds80,88259,727
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.
Daim Gorkem Genc
Director
Approved by the board on 30 October 2023
Gouroboros Consultancy Ltd
Statement of Changes in Equity
for the year ended 30 September 2024
ShareShareRe-ProfitTotal
capitalpremiumvaluationand loss
reserveaccount
£ £ £ £ £
At 1 October 2022100- - 41,71241,812
Profit for the financial year38,679 38,679
Dividends(20,764)(20,764)
At 30 September 2023100 - - 59,627 59,727
At 1 October 2023100- - 59,62759,727
Profit for the financial year52,45552,455
Dividends(31,300)(31,300)
At 30 September 2024100- - 80,78280,882
Gouroboros Consultancy Ltd
Notes to the Accounts
for the year ended 30 September 2024
1Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 buildingsover 50 years
Leasehold land and buildingsover the lease term
Plant and machineryover 5 years
Fixtures, fittings, tools and equipmentover 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2Employees2024 2023
NumberNumber
Average number of persons employed by the company11
3Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 202312,805
Additions2,667
At 30 September 202415,472
Depreciation
At 1 October 20233,885
Charge for the year2,273
At 30 September 20246,158
Net book value
At 30 September 20249,314
At 30 September 20238,920
4Debtors2024 2023
£ £
Trade debtors72,00024,000
5Creditors: amounts falling due within one year2024 2023
£ £
Trade creditors145-
Taxation and social security costs2049,687
Other creditors1699,230
51818,917
6Other information
Gouroboros Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
338a Regents Park Road
Finchley Central
London
N3 2LN
Gouroboros Consultancy Ltd
Detailed profit and loss account
for the year ended 30 September 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales83,55075,548
Cost of sales- (877)
Gross profit83,55074,671
Administrative expenses(31,152)(26,380)
Other operating income57-
Operating profit52,45548,291
Profit before tax52,45548,291
Gouroboros Consultancy Ltd
Detailed profit and loss account
for the year ended 30 September 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales
Sales
83,550
75,548
Cost of sales
Other direct costs-
877
Administrative expenses
Employee costs:
Director's salary
13,461
13,419
Employer's NI
602
603
Staff training and welfare
1,480
16
Travel and subsistence
8,262
7,933
23,805 21,971
General administrative expenses:
Telephone and internet
1,352
694
Postage
24
58
Stationery and printing
27
24
Subscriptions
233
60
Bank charges
102
140
Insurance
100
102
Equipment expensed
1,021
313
Depreciation
2,273
2,178
5,132 3,569
Legal and professional costs:
Accountancy fees
840
840
Consultancy fees
852
-
Other legal and professional
523
-
2,215 840
31,152 26,380
Other operating income
Other operating income
57
-
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