Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
870 | 1,693 | |||
Current assets | ||||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
19,389 | 25,707 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current assets | 3,755 | 5,988 | ||
Total assets less current liabilities | 4,625 | 7,681 | ||
Creditors: amounts falling due after more than one year | 6 | (
|
(
|
|
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Profit and loss account |
|
|
||
Total shareholder's funds |
|
|
Director's responsibilities:
The financial statements of Greg Larkin Associates Limited (registered number:
Gregory Stuart Larkin
Director |
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.
Greg Larkin Associates 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 Beachleas, 17 Poole Road, Wimborne, BH21 1QA, 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 £.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.
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.
Plant and machinery |
|
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.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
|
|
Plant and machinery | Total | ||
£ | £ | ||
Cost | |||
At 28 February 2023 |
|
|
|
At 27 February 2024 |
|
|
|
Accumulated depreciation | |||
At 28 February 2023 |
|
|
|
Charge for the financial year |
|
|
|
At 27 February 2024 |
|
|
|
Net book value | |||
At 27 February 2024 |
|
|
|
At 27 February 2023 |
|
|
2024 | 2023 | ||
£ | £ | ||
Other debtors |
|
|
2024 | 2023 | ||
£ | £ | ||
Bank loans |
|
|
|
Trade creditors |
|
|
|
Corporation tax |
|
|
|
Other creditors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Bank loans |
|
|
Transactions with the entity's director
2024 | 2023 | ||
£ | £ | ||
Key management | 12,868 | 21,679 |
Interest has been charged on overdrawn loan account in line with HMRC official rate.