GILL ROBINSON LTD 31/07/2023 iXBRL

GILL ROBINSON LTD 31/07/2023 iXBRL

GILL ROBINSON LTD - Company Information

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2 31/07/2023 2023-07-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-08-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13143144 2022-08-01 2023-07-31 13143144 2023-07-31 13143144 2022-07-31 13143144 2021-06-01 2022-07-31 13143144 2022-07-31 13143144 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 13143144 bus:Director1 2022-08-01 2023-07-31 13143144 core:FurnitureFittingsToolsEquipment 2022-07-31 13143144 core:FurnitureFittingsToolsEquipment 2023-07-31 13143144 core:WithinOneYear 2023-07-31 13143144 core:WithinOneYear 2022-07-31 13143144 core:ShareCapital 2023-07-31 13143144 core:ShareCapital 2022-07-31 13143144 core:RetainedEarningsAccumulatedLosses 2023-07-31 13143144 core:RetainedEarningsAccumulatedLosses 2022-07-31 13143144 core:DeferredTaxation 2022-08-01 2023-07-31 13143144 core:AcceleratedTaxDepreciationDeferredTax 2023-07-31 13143144 core:AcceleratedTaxDepreciationDeferredTax 2022-07-31 13143144 core:FurnitureFittingsToolsEquipment 2022-07-31 13143144 core:DeferredTaxation 2022-07-31 13143144 core:DeferredTaxation 2023-07-31 13143144 bus:Director1 2022-07-31 13143144 bus:Director1 2023-07-31 13143144 bus:Director1 2022-07-31 13143144 bus:Director1 2021-06-01 2022-07-31 13143144 bus:SmallEntities 2022-08-01 2023-07-31 13143144 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13143144 bus:FullAccounts 2022-08-01 2023-07-31 13143144 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 13143144 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Company registration number: 13143144
GILL ROBINSON LTD
Unaudited filleted financial statements
31 July 2023
GILL ROBINSON LTD
Contents
Statement of financial position
Notes to the financial statements
GILL ROBINSON LTD
Statement of financial position
31 July 2023
31/07/23 31/07/22
Note £ £ £ £
Fixed assets
Tangible assets 5 241 481
_______ _______
241 481
Current assets
Debtors 6 22,272 3,492
Cash at bank and in hand 35,408 27,264
_______ _______
57,680 30,756
Creditors: amounts falling due
within one year 7 ( 17,649) ( 10,523)
_______ _______
Net current assets 40,031 20,233
_______ _______
Total assets less current liabilities 40,272 20,714
Provisions for liabilities 8 ( 46) ( 91)
_______ _______
Net assets 40,226 20,623
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 40,224 20,621
_______ _______
Shareholder funds 40,226 20,623
_______ _______
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has 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.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 October 2023 , and are signed on behalf of the board by:
Mrs Gillian Robinson Mr Michael Robinson
Director Director
Company registration number: 13143144
GILL ROBINSON LTD
Notes to the financial statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Gill Robinson Ltd, 57 Park Lane, Berry Brow, Huddersfield, West Yorkshire, HD4 6TP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are 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:
Office equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
The aggregate payroll costs incurred during the year were:
Year Period
ended ended
31/07/23 31/07/22
£ £
Wages and salaries 57,600 33,600
_______ _______
5. Tangible assets
Office equipment Total
£ £
Cost
At 1 August 2022 and 31 July 2023 721 721
_______ _______
Depreciation
At 1 August 2022 240 240
Charge for the year 240 240
_______ _______
At 31 July 2023 480 480
_______ _______
Carrying amount
At 31 July 2023 241 241
_______ _______
At 31 July 2022 481 481
_______ _______
6. Debtors
31/07/23 31/07/22
£ £
Trade debtors 22,272 3,492
_______ _______
7. Creditors: amounts falling due within one year
31/07/23 31/07/22
£ £
Corporation tax 5,077 5,215
Social security and other taxes 4,930 660
Other creditors 7,642 4,648
_______ _______
17,649 10,523
_______ _______
8. Provisions
Deferred tax (note 9) Total
£ £
At 1 August 2022 91 91
Charges against provisions ( 45) ( 45)
_______ _______
At 31 July 2023 46 46
_______ _______
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
31/07/23 31/07/22
£ £
Included in provisions (note 8) 46 91
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
31/07/23 31/07/22
£ £
Accelerated capital allowances 46 91
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 31/07/23
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs Gillian Robinson ( 2,416) ( 1,226) ( 3,642)
_______ _______ _______
Period ended 31/07/22
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs Gillian Robinson - ( 2,416) ( 2,416)
_______ _______ _______
Credit balances on directors current accounts are provided to the company unsecured, interest free and are repayable on demand.