| Generation Consulting Limited |
| Data not obtained from trial balance |
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include a trailing space |
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| Company registration number |
08900037 |
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Date |
| Approval date of the accounts by the board |
22/11/2023 |
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| Date of signing on the audit/accountants report |
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| Date of engagement letter (required for |
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| CA and ACCA reports) |
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| Person signing directors' report: |
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Name of director |
A Abdollahian |
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Or, name of secretary |
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| Name of director signing balance sheet |
A Abdollahian |
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| Prior year adjustments (+ for a gain; - for a loss) |
£ |
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Correction of prior year errors |
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Effect of retrospective changes in accounting policies |
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More info on prior year adjustments |
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| Number |
Number |
| Average number of persons employed by the company |
1 |
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1 |
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| Freehold land & buildings if |
| revalued amounts shown in trial balance: |
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historical cost |
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cumulative depreciation based on cost |
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| Historical cost of fixed asset investments |
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Investments in subsidiaries |
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Other investments |
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| Amounts due after more than one year included in debtors |
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| Amounts included in creditors falling due for payment |
| after more than five years: |
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| Payable otherwise than by installment |
| Payable by installment |
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£ |
| Secured bank loans included in creditors |
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| Capital commitments: |
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£ |
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contracted |
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| Total future payments due under non-cancellable |
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£ |
| operating leases |
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| Generation Consulting Limited |
| Registered number: |
08900037 |
| Balance Sheet |
| as at 28 February 2023 |
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| Notes |
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2023 |
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2022 |
| £ |
£ |
| Current assets |
| Cash at bank and in hand |
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12,998 |
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4,728 |
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| Creditors: amounts falling due within one year |
4 |
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(16,574) |
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(9,418) |
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| Net current liabilities |
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(3,576) |
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(4,690) |
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| Net liabilities |
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(3,576) |
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(4,690) |
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| Capital and reserves |
| Called up share capital |
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1 |
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1 |
| Profit and loss account |
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(3,577) |
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(4,691) |
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| Shareholders' funds |
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(3,576) |
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(4,690) |
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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| A Abdollahian |
| Director |
| Approved by the board on 22 November 2023 |
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| Generation Consulting Limited |
| Notes to the Accounts |
| for the year ended 28 February 2023 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
over 5 years |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 2 |
Employees |
2023 |
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2022 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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| 3 |
Tangible fixed assets |
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Plant and machinery etc |
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Cost |
£ |
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At 1 March 2022 |
1,113 |
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At 28 February 2023 |
1,113 |
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Depreciation |
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At 1 March 2022 |
1,113 |
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Charge for the year |
- |
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At 28 February 2023 |
1,113 |
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Net book value |
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At 28 February 2023 |
- |
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At 28 February 2022 |
- |
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| 4 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
| £ |
£ |
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Taxation and social security costs |
67 |
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250 |
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Accruals |
900 |
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900 |
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Other creditors |
15,607 |
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8,268 |
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16,574 |
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9,418 |
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| 5 |
Related party transactions |
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The director has loaned the company £15,607 (2022 8,268) and is included within other creditors due within one year. |
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| 6 |
Other information |
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Generation Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is: |
