Gaines Robson Insolvency Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09339894

GAINES ROBSON INSOLVENCY LTD.

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

GAINES ROBSON INSOLVENCY LTD.

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		1,836		2,338

CURRENT ASSETS

Debtors	7	760,524	491,181
Cash at bank and in hand		416,641	596,168
		------------	------------
		1,177,165	1,087,349

CREDITORS: amounts falling due within one year	8	( 207,140)		( 275,828)
		------------		------------
NET CURRENT ASSETS			970,025		811,521
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			971,861		813,859

CREDITORS: amounts falling due after more than one year	9		( 8,414)		( 18,449)

PROVISIONS

Taxation including deferred tax	( 349)	( 444)
	---------	---------
NET ASSETS	963,098	794,966
	---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	962,998	794,866
	---------	---------
SHAREHOLDERS FUNDS	963,098	794,966
	---------	---------

These 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 statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GAINES ROBSON INSOLVENCY LTD.

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

D J Robson

Director

Company registration number: 09339894

GAINES ROBSON INSOLVENCY LTD.

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 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 Carrwood Park, Selby Road, Leeds, LS15 4LG.

2. STATEMENT OF COMPLIANCE

These 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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	33% reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. TAX ON PROFIT

Major components of tax expense

	2024	2023
	£	£

Current tax:

UK current tax expense	88,475	92,176
Adjustments in respect of prior periods	18	( 23)
	--------	--------
Total current tax	88,493	92,153
	--------	--------

Deferred tax:

Origination and reversal of timing differences	( 95)	( 53)
	--------	--------
Tax on profit	88,398	92,100
	--------	--------

6. TANGIBLE ASSETS

	Computer Equipment	Total
	£	£
Cost
At 1 January 2024	5,440	5,440
Additions	1,274	1,274
Disposals	( 1,333)	( 1,333)
	-------	-------
At 31 December 2024	5,381	5,381
	-------	-------
Depreciation
At 1 January 2024	3,102	3,102
Charge for the year	1,555	1,555
Disposals	( 1,112)	( 1,112)
	-------	-------
At 31 December 2024	3,545	3,545
	-------	-------
Carrying amount
At 31 December 2024	1,836	1,836
	-------	-------
At 31 December 2023	2,338	2,338
	-------	-------

7. DEBTORS

	2024	2023
	£	£
Trade debtors	11,863	5,602
Other debtors	748,661	485,579
	---------	---------
	760,524	491,181
	---------	---------

8. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,648	10,648
Trade creditors	2,774	3,957
Corporation tax	88,475	92,159
Social security and other taxes	19,648	22,808
Other creditors	85,595	146,256
	---------	---------
	207,140	275,828
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	8,414	18,449
	-------	--------