Baljinder Singh Gill Wealth Management L - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10923279 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2020

for

Baljinder Singh Gill Wealth Management

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Gill

SECRETARY:

REGISTERED OFFICE:

3 Blackthorn Lane

Oadby

Leicester

Leicestershire

LE2 4FA

REGISTERED NUMBER:

10923279 (England and Wales)

ACCOUNTANTS:

CJK Accountants

4 Marsh Drive

Husbands Bosworth

Lutterworth

Leicestershire

LE17 6PU

FIXED ASSETS

Tangible assets

4

830

569

CURRENT ASSETS

Cash at bank

46,337

21,776

CREDITORS

Amounts falling due within one year

5

27,895

19,976

NET CURRENT ASSETS

18,442

1,800

TOTAL ASSETS LESS CURRENT LIABILITIES

19,272

2,369

PROVISIONS FOR LIABILITIES

158

108

NET ASSETS

19,114

2,261

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

19,104

2,251

SHAREHOLDERS' FUNDS

19,114

2,261

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 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 director on 8 October 2020 and were signed by:

B Gill - Director

1.	STATUTORY INFORMATION

Baljinder Singh Gill Wealth Management 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.

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.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year 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 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 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2019

1,011

Additions

538

At 31 August 2020

1,549

DEPRECIATION

At 1 September 2019

442

Charge for year

277

At 31 August 2020

719

NET BOOK VALUE

At 31 August 2020

830

At 31 August 2019

569

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade creditors

(456

)

(567

)

Taxation and social security

12,172

1,672

Other creditors

16,179

18,871

27,895

19,976