Gatland Consulting Limited Filleted accounts for Companies House (small and micro)

GATLAND CONSULTING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03306279

Gatland Consulting Limited

Filleted Unaudited Financial Statements

30 June 2021

Gatland Consulting Limited

Financial Statements

Period from 1 April 2020 to 30 June 2021

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Gatland Consulting Limited

Statement of Financial Position

30 June 2021

	30 Jun 21		31 Mar 20
Note	£	£	£

Fixed assets

Tangible assets	5		–	681

Current assets

Debtors	6	–	1,657
Cash at bank and in hand		32,234	21,328
		--------	--------
		32,234	22,985

Creditors: amounts falling due within one year	7	11,402		5,339
		--------		--------
Net current assets			20,832	17,646
			--------	--------
Total assets less current liabilities			20,832	18,327
			--------	--------
Net assets			20,832	18,327
			--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	20,732	18,227
	--------	--------
Shareholders funds	20,832	18,327
	--------	--------

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 period ending 30 June 2021 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 period 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 .

Gatland Consulting Limited

Statement of Financial Position (continued)

30 June 2021

These financial statements were approved by the board of directors and authorised for issue on 25 October 2021 , and are signed on behalf of the board by:

Mr T Gatland

Director

Company registration number: 03306279

Gatland Consulting Limited

Notes to the Financial Statements

Period from 1 April 2020 to 30 June 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Canterbury, Kent, CT1 3DN.

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.

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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for 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.

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:

	Fixtures and Fittings	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 (2020: 2 ).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 April 2020	3,462	3,462
Disposals	( 3,461)	( 3,461)
	-------	-------
At 30 June 2021	1	1
	-------	-------
Depreciation
At 1 April 2020	2,781	2,781
Charge for the period	264	264
Disposals	( 3,044)	( 3,044)
	-------	-------
At 30 June 2021	1	1
	-------	-------
Carrying amount
At 30 June 2021	–	–
	-------	-------
At 31 March 2020	681	681
	-------	-------

6. Debtors

	30 Jun 21	31 Mar 20
	£	£
Other debtors	–	1,657
	----	-------

7. Creditors: amounts falling due within one year

	30 Jun 21	31 Mar 20
	£	£
Corporation tax	515	–
Social security and other taxes	1,238	3,481
Other creditors	9,649	1,858
	--------	-------
	11,402	5,339
	--------	-------

8. Related party transactions

At the balance sheet date, the company owed the Directors £7,849 (2020: £1,308).