Registered number
09541973
Greenford First Consultancy Ltd
Filleted Accounts
30 April 2024
Greenford First Consultancy Ltd
Registered number: 09541973
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 758 16,683
Investments 4 484,999 484,999
485,757 501,682
Current assets
Cash at bank and in hand 126,126 133,816
Creditors: amounts falling due within one year 5 (31,921) (35,039)
Net current assets 94,205 98,777
Total assets less current liabilities 579,962 600,459
Provisions for liabilities (440) (440)
Net assets 579,522 600,019
Capital and reserves
Called up share capital 100 100
Profit and loss account 579,422 599,919
Shareholders' funds 579,522 600,019
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.
Mr Sean O'Brien
Director
Approved by the board on 28 January 2025
Greenford First Consultancy Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting 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 rendering of services. 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.
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 20% Reducing Balance
Motor Vehicle 20% Reducing Balance
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 4,273 30,733 35,006
Disposals - (30,733) (30,733)
At 30 April 2024 4,273 - 4,273
Depreciation
At 1 May 2023 3,325 14,998 18,323
Charge for the year 190 - 190
On disposals - (14,998) (14,998)
At 30 April 2024 3,515 - 3,515
Net book value
At 30 April 2024 758 - 758
At 30 April 2023 948 15,735 16,683
4 Listed Investments
Other
investments
£
Cost
At 1 May 2023 484,999
At 30 April 2024 484,999
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,570 -
Other creditors 30,351 35,039
31,921 35,039
6 Other information
Greenford First Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
41 Eastcote Road
Ruislip
Middlesex
HA4 8BE
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