Gnc Technology Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08822700 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Gnc Technology Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Guha

Mr I Cameron

REGISTERED OFFICE:

6 Walcot

Telford

Shropshire

TF6 5ER

REGISTERED NUMBER:

08822700 (England and Wales)

ACCOUNTANTS:

Columb & Gosling Accountants Ltd

Blount House

Hall Court

Hall Park Way

Telford

Shropshire

TF3 4NQ

FIXED ASSETS

Tangible assets

4

3,614

1,273

CURRENT ASSETS

Debtors

5

10,287

13,788

Cash at bank

40,981

39,105

51,268

52,893

CREDITORS

Amounts falling due within one year

6

26,570

35,346

NET CURRENT ASSETS

24,698

17,547

TOTAL ASSETS LESS CURRENT LIABILITIES

28,312

18,820

CREDITORS

Amounts falling due after more than one year

7

28,000

-

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

112

18,620

SHAREHOLDERS' FUNDS

312

18,820

28,312

18,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 December 2019 and were signed on its behalf by:

Mr P Guha - Director

1.	STATUTORY INFORMATION

Gnc Technology Ltd 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 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.

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

in accordance with the Financial Reporting Standard for Smaller Entities

(Effective April 2008)

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

2,835

Additions

2,926

At 31 March 2019

5,761

DEPRECIATION

At 1 April 2018

1,562

Charge for year

585

At 31 March 2019

2,147

NET BOOK VALUE

At 31 March 2019

3,614

At 31 March 2018

1,273

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

10,287

13,788

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

5,457

12,558

Taxation and social security

14,112

21,454

Other creditors

7,001

1,334

26,570

35,346

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

28,000

-