G&CT Consultants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11788769 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 25 JANUARY 2019 TO 31 MARCH 2020

FOR

G&CT CONSULTANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G B Turner

C A Turner

REGISTERED OFFICE:

17 Markfield Lane

Newtown Linford

Leicester

LE6 0AB

REGISTERED NUMBER:

11788769 (England and Wales)

ACCOUNTANTS:

Fortus Midlands Limited

Hamilton Office Park

31 High View Close

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Tangible assets

4

2,394

CURRENT ASSETS

Debtors

5

64,617

Cash at bank

38,720

103,337

CREDITORS

Amounts falling due within one year

6

72,611

NET CURRENT ASSETS

30,726

TOTAL ASSETS LESS CURRENT LIABILITIES

33,120

PROVISIONS FOR LIABILITIES

455

NET ASSETS

32,665

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

32,565

SHAREHOLDERS' FUNDS

32,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 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 and authorised for issue on 9 July 2020 and were signed on its behalf by:

G B Turner - Director

1.	STATUTORY INFORMATION

G&CT Consultants 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 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.

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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

332

2,823

3,155

At 31 March 2020

332

2,823

3,155

DEPRECIATION

Charge for period

104

657

761

At 31 March 2020

104

657

761

NET BOOK VALUE

At 31 March 2020

228

2,166

2,394

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

57,581

Other debtors

7,036

64,617

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

173

Taxation and social security

40,193

Other creditors

32,245

72,611

7.	RELATED PARTY DISCLOSURES

Included within other creditors is a director loan of £30,470. This loan is interest free and repayable

upon demand.