GCUK Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12527531 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 20 MARCH 2020 TO 31 MARCH 2021

FOR

GCUK CONSULTING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Clarke

REGISTERED OFFICE:

13 Yorkersgate

Malton

North Yorkshire

YO17 7AA

BUSINESS ADDRESS:

16 Meadowfields

Sandsend

North Yorkshire

YO21 3SX

REGISTERED NUMBER:

12527531 (England and Wales)

ACCOUNTANTS:

Townsend Harrison Limited

13 Yorkersgate

Malton

North Yorkshire

YO17 7AA

FIXED ASSETS

Tangible assets

4

9,845

CURRENT ASSETS

Debtors

5

97,863

Cash at bank

106,170

204,033

CREDITORS

Amounts falling due within one year

6

53,069

NET CURRENT ASSETS

150,964

TOTAL ASSETS LESS CURRENT LIABILITIES

160,809

PROVISIONS FOR LIABILITIES

1,021

NET ASSETS

159,788

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

159,688

159,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2022 and were signed by:

Mr G Clarke - Director

1.	STATUTORY INFORMATION

GCUK Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Revenue recognition

Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for the supply of goods and services that it provides. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

9,897

At 31 March 2021

9,897

DEPRECIATION

Charge for period

52

At 31 March 2021

52

NET BOOK VALUE

At 31 March 2021

9,845

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

70,000

Other debtors

27,863

97,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

47,605

Other creditors

5,464

53,069

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2021:

£

Mr G Clarke

Balance outstanding at start of period

-

Amounts advanced

29,153

Amounts repaid

(1,875

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

27,278

The above loan is unsecured and repayable on demand. Interest was charged on overdrawn balances of more than £10,000 on a daily basis at 2.5%. Total interest was charged in the period of £195.

The maximum overdrawn balance during the period was £27,278.