Silverfin false false 31/03/2025 01/04/2024 31/03/2025 J Lewis 23/12/1998 P Lewis 17/07/2006 17 July 2025 The principal activity of the Company during the financial year was specialist asbestos testing. 03687929 2025-03-31 03687929 bus:Director1 2025-03-31 03687929 bus:Director2 2025-03-31 03687929 2024-03-31 03687929 core:CurrentFinancialInstruments 2025-03-31 03687929 core:CurrentFinancialInstruments 2024-03-31 03687929 core:Non-currentFinancialInstruments 2025-03-31 03687929 core:Non-currentFinancialInstruments 2024-03-31 03687929 core:ShareCapital 2025-03-31 03687929 core:ShareCapital 2024-03-31 03687929 core:CapitalRedemptionReserve 2025-03-31 03687929 core:CapitalRedemptionReserve 2024-03-31 03687929 core:RetainedEarningsAccumulatedLosses 2025-03-31 03687929 core:RetainedEarningsAccumulatedLosses 2024-03-31 03687929 core:PlantMachinery 2024-03-31 03687929 core:Vehicles 2024-03-31 03687929 core:PlantMachinery 2025-03-31 03687929 core:Vehicles 2025-03-31 03687929 core:CurrentFinancialInstruments 1 2025-03-31 03687929 core:CurrentFinancialInstruments 1 2024-03-31 03687929 2024-04-01 2025-03-31 03687929 bus:FilletedAccounts 2024-04-01 2025-03-31 03687929 bus:SmallEntities 2024-04-01 2025-03-31 03687929 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03687929 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03687929 bus:Director1 2024-04-01 2025-03-31 03687929 bus:Director2 2024-04-01 2025-03-31 03687929 core:PlantMachinery 2024-04-01 2025-03-31 03687929 core:Vehicles 2024-04-01 2025-03-31 03687929 2023-04-01 2024-03-31 03687929 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 03687929 (England and Wales)

G & L CONSULTANCY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

G & L CONSULTANCY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

G & L CONSULTANCY LIMITED

BALANCE SHEET

As at 31 March 2025
G & L CONSULTANCY LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 362,758 339,160
362,758 339,160
Current assets
Debtors 4 806,574 679,551
Cash at bank and in hand 351,543 301,844
1,158,117 981,395
Creditors: amounts falling due within one year 5 ( 801,345) ( 617,902)
Net current assets 356,772 363,493
Total assets less current liabilities 719,530 702,653
Creditors: amounts falling due after more than one year 6 ( 22,414) ( 5,211)
Provision for liabilities ( 78,127) ( 79,715)
Net assets 618,989 617,727
Capital and reserves
Called-up share capital 90,000 90,000
Capital redemption reserve 90,000 90,000
Profit and loss account 438,989 437,727
Total shareholder's funds 618,989 617,727

For the financial year ending 31 March 2025 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 G & L Consultancy Limited (registered number: 03687929) were approved and authorised for issue by the Board of Directors on 17 July 2025. They were signed on its behalf by:

J Lewis
Director
G & L CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
G & L CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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

G & L Consultancy 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 Unit 5a Castle Road, Chelston Business Park, Wellington, TA21 9JQ, 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales, value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions paid are included as other creditors in the Balance Sheet.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, 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 20 - 25 % reducing balance
Vehicles 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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Capital redemption reserve

Capital redemption reserve records the nominal value of shares repurchased by the company.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 75 75

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 April 2024 489,162 486,578 975,740
Additions 27,325 109,218 136,543
Disposals ( 129) ( 28,755) ( 28,884)
At 31 March 2025 516,358 567,041 1,083,399
Accumulated depreciation
At 01 April 2024 333,469 303,111 636,580
Charge for the financial year 36,606 72,128 108,734
Disposals ( 115) ( 24,558) ( 24,673)
At 31 March 2025 369,960 350,681 720,641
Net book value
At 31 March 2025 146,398 216,360 362,758
At 31 March 2024 155,693 183,467 339,160

4. Debtors

2025 2024
£ £
Trade debtors 677,188 562,873
Other debtors 129,386 116,678
806,574 679,551

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 157,388 129,029
Amounts owed to Group undertakings 245,000 210,000
CIS withheld 0 1,900
Taxation and social security 252,947 202,101
Obligations under finance leases and hire purchase contracts (secured) 16,905 7,289
Other creditors 129,105 67,583
801,345 617,902

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Obligations under finance leases and hire purchase contracts (secured) 22,414 5,211

Amounts due under finance leases and hire purchases are secured against the assets to which they relate.

7. Ultimate controlling party

Parent Company:

Lewis (Holdings) Limited
Unit 5a Chelston Business Park, Castle Road, Wellington, TA21 9JQ