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

REGISTERED NUMBER: 09060177 (England and Wales)

Financial Statements

for the Year Ended 31 December 2018

for

GUNNERCOOKE CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

S J Goulbourne

Registered office:

53 King Street

Manchester

M2 4LQ

Registered number:

09060177 (England and Wales)

Auditors:

Haines Watts Manchester Limited, Statutory Auditor

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Current assets

Debtors

5

46,061

45,363

Cash at bank and in hand

112,043

5,157

158,104

50,520

Creditors

Amounts falling due within one year

6

178,481

63,908

Net current liabilities

(20,377

)

(13,388

)

Total assets less current liabilities

(20,377

)

(13,388

)

Capital and reserves

Called up share capital

7

100

100

Retained earnings

(20,477

)

(13,488

)

Shareholders' funds

(20,377

)

(13,388

)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 17 September 2019 and were signed by:

S J Goulbourne - Director

1.	Statutory information

Gunnercooke 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.

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The company incurred a loss for the year ended 31 December 2018 and had net liabilities at that date.

On the basis of expected future trading the directors have decided that the company should cease trading. It is not,

therefore, appropriate to prepare the financial statements on a going concern basis. However, no adjustments are

required to the figures in the financial statements as a result of ceasing to trade.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions

with wholly owned subsidiaries within the group.

Turnover

Turnover represents the fair value of professional services provided during the year to clients. Fair value reflects the

amount expected to be recoverable from clients and is based on time spent, skills and expertise provided and

expenses incurred but excludes value added tax.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and bank balances, are initially recognised at

transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at

the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and bank overdrafts that are classified as debt, 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 receipts discounted at a market rate of interest.

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	Employees and directors

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

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

42,343

38,514

Other debtors

3,718

6,849

46,061

45,363

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Bank loans and overdrafts

-

58

Trade creditors

54,865

-

Amounts owed to group undertakings

34,390

23,323

VAT

10,372

7,530

Accruals and deferred income

78,854

32,997

178,481

63,908

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

8.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Julie Pomfret FCA (Senior Statutory Auditor)

for and on behalf of Haines Watts Manchester Limited, Statutory Auditor

9.	Directors' advances, credits and guarantees

During the year ended 31 December 2018 a director charged consultancy fees of £37,857 (2017 - £21,200) to the

company.

10.	Ultimate controlling party

The ultimate controlling party is Gunnercooke LLP and the principle place of address is 53 King St, Manchester M2

4LQ.