Ginel Consultants Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03697092

Ginel Consultants Limited

Filleted Unaudited Financial Statements

31 March 2025

Ginel Consultants Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 6

Ginel Consultants Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Ginel Consultants Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ginel Consultants Limited for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Ginel Consultants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ginel Consultants Limited and state those matters that we have agreed to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ginel Consultants Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ginel Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ginel Consultants Limited. You consider that Ginel Consultants Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Ginel Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

17 December 2025

Ginel Consultants Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	6,565	3,496

Current assets

Debtors	5	287	283
Cash at bank and in hand		1,001	293
		-------	----
		1,288	576

Creditors: amounts falling due within one year	6	16,356	9,137
		--------	-------
Net current liabilities		15,068	8,561
		--------	-------
Total assets less current liabilities		( 8,503)	( 5,065)
		-------	-------
Net liabilities		( 8,503)	( 5,065)
		-------	-------

Ginel Consultants Limited

Statement of Financial Position (continued)

31 March 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 8,505)	( 5,067)
	-------	-------
Shareholders deficit	( 8,503)	( 5,065)
	-------	-------

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 March 2025 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 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 financial statements .

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

S P Clay
Director

Company registration number: 03697092

Ginel Consultants Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Westbrook Court, Sharrow Vale Road, Sheffield, South Yorkshire, S11 8YZ.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the year end date and by virtue of the losses recorded for the year, the Statement of Financial Position reflects both a net current and net total liability position. Despite this, the accounts have been prepared on a going concern basis, with the director of the opinion that this basis remains appropriate given the ongoing support provided to the company by way of director loan, which loan support is not intended nor expected to be withdrawn in the foreseeable future and, in any event, not until cash flow permits.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Plant & Equipment	-	25% reducing balance
Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Computer Equipment	-	33% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	300	824	9,875	22,603	33,602
Additions	5,182	–	–	–	5,182
	-------	----	-------	--------	--------
At 31 March 2025	5,482	824	9,875	22,603	38,784
	-------	----	-------	--------	--------
Depreciation
At 1 April 2024	258	810	9,801	19,237	30,106
Charge for the year	982	2	18	1,111	2,113
	-------	----	-------	--------	--------
At 31 March 2025	1,240	812	9,819	20,348	32,219
	-------	----	-------	--------	--------
Carrying amount
At 31 March 2025	4,242	12	56	2,255	6,565
	-------	----	-------	--------	--------
At 31 March 2024	42	14	74	3,366	3,496
	-------	----	-------	--------	--------

5. Debtors

	2025	2024
	£	£
Trade debtors	180	–
Other debtors	107	283
	----	----
	287	283
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	16,356	9,137
	--------	-------

7. Director's advances, credits and guarantees

A loan account exists as between the company and the director. At the year end date, the balance outstanding on this loan account amounted to £15,356 (2024: £8,137) owing by the company to the director and included within "other creditors" above. The loan is interest free with no formal repayment terms and will remain in place as long as is necessary to support the funding requirements of the company.