GDF Consultancy.com Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07150627 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2018

for

GDF CONSULTANCY.COM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Gregory

REGISTERED OFFICE:

Bath House

6-8 Bath Street

Bristol

BS1 6HL

REGISTERED NUMBER:

07150627 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

6 - 8 Bath Street

Bristol

BS1 6HL

FIXED ASSETS

Tangible assets

4

20,183

24,146

CURRENT ASSETS

Debtors

5

31,415

28,822

CREDITORS

Amounts falling due within one year

6

19,915

19,362

NET CURRENT ASSETS

11,500

9,460

TOTAL ASSETS LESS CURRENT LIABILITIES

31,683

33,606

CREDITORS

Amounts falling due after more than one year

7

(24,163

)

(27,937

)

PROVISIONS FOR LIABILITIES

(2,674

)

-

NET ASSETS

4,846

5,669

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

4,845

5,668

SHAREHOLDERS' FUNDS

4,846

5,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the director on 30 August 2019 and were signed by:

J A Gregory - Director

1.	COMPANY INFORMATION

GDF Consultancy.com 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

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

amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies

adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue

to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents training and human resource activities provided together with the receipt of grants for the

provision of such services.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid

investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown

within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are

recognised when the company becomes party to the contractual provisions of the instrument. Financial assets

and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally

enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise

the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and

bank balances, are initially measured at transaction price including transaction costs and are subsequently carried

at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the

asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and

rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but

control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third

party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially

recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt

instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt

instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial

liabilities are derecognised when, and only when, the company's contractual obligations are discharged,

cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2017

15,000

119

9,996

7,175

32,290

Additions

2,389

-

-

-

2,389

At 31 August 2018

17,389

119

9,996

7,175

34,679

DEPRECIATION

At 1 September 2017

-

87

2,499

5,558

8,144

Charge for year

4,065

8

1,874

405

6,352

At 31 August 2018

4,065

95

4,373

5,963

14,496

NET BOOK VALUE

At 31 August 2018

13,324

24

5,623

1,212

20,183

At 31 August 2017

15,000

32

7,497

1,617

24,146

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

2,919

Other debtors

31,415

25,903

31,415

28,822

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

5,387

5,935

Other loans

5,136

5,136

Trade creditors

3,229

1,408

Tax

413

-

Social security and other taxes

921

556

Directors' current accounts

2,873

4,647

Accrued expenses

1,956

1,680

19,915

19,362

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other loans - 2-5 years

24,163

27,937

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary

1

1

1