1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09518060 2023-04-01 2024-03-31 09518060 2024-03-31 09518060 2023-03-31 09518060 2022-04-01 2023-03-31 09518060 2023-03-31 09518060 2022-03-31 09518060 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09518060 bus:Director1 2023-04-01 2024-03-31 09518060 core:WithinOneYear 2024-03-31 09518060 core:WithinOneYear 2023-03-31 09518060 core:AfterOneYear 2024-03-31 09518060 core:AfterOneYear 2023-03-31 09518060 core:ShareCapital 2024-03-31 09518060 core:ShareCapital 2023-03-31 09518060 core:RetainedEarningsAccumulatedLosses 2024-03-31 09518060 core:RetainedEarningsAccumulatedLosses 2023-03-31 09518060 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 09518060 core:Non-currentFinancialInstruments 2024-03-31 09518060 core:Non-currentFinancialInstruments 2023-03-31 09518060 bus:SmallEntities 2023-04-01 2024-03-31 09518060 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09518060 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09518060 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09518060 bus:AbridgedAccounts 2023-04-01 2024-03-31 09518060 bus:OrdinaryShareClass1 2024-03-31 09518060 bus:OrdinaryShareClass1 2023-03-31
COMPANY REGISTRATION NUMBER: 09518060
Gary Sinclair Limited
Filleted Unaudited Abridged Financial Statements
31 March 2024
Gary Sinclair Limited
Abridged Financial Statements
Year Ended 31 March 2024
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
3
Gary Sinclair Limited
Abridged Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed Assets
Investments
5
448,558
448,558
Current Assets
Debtors
2,922
31,325
Cash at bank and in hand
4,866
7,937
-------
--------
7,788
39,262
Creditors: amounts falling due within one year
58,665
84,052
--------
--------
Net Current Liabilities
50,877
44,790
---------
---------
Total Assets Less Current Liabilities
397,681
403,768
Creditors: amounts falling due after more than one year
159,001
179,420
---------
---------
Net Assets
238,680
224,348
---------
---------
Capital and Reserves
Called up share capital
7
1
1
Profit and loss account
238,679
224,347
---------
---------
Shareholders Funds
238,680
224,348
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Gary Sinclair Limited
Abridged Statement of Financial Position (continued)
31 March 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 25 November 2024 , and are signed on behalf of the board by:
Mr G Sinclair
Director
Company registration number: 09518060
Gary Sinclair Limited
Notes to the Abridged Financial Statements
Year Ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, S40 1LA. The company's place of business is 23 Trippet Lane, Sheffield, S1 4FG.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investments
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit or loss for the period.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Investments
£
Cost
At 1 April 2023 and 31 March 2024
448,558
---------
Impairment
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
448,558
---------
At 31 March 2023
448,558
---------
6. Secured liabilities
The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £187,260 (2023: £207,679).
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----