Galzar Consulting Ltd - Accounts to registrar (filleted) - small 18.2
Galzar Consulting Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2021 |
| for |
| Galzar Consulting Ltd |
| Galzar Consulting Ltd (Registered number: 07692508) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Galzar Consulting Ltd |
| Company Information |
| for the Year Ended 31 July 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Linen Hall |
| 162-168 Regent Street |
| Room 252-254 |
| London |
| W1B 5TB |
| Galzar Consulting Ltd (Registered number: 07692508) |
| Balance Sheet |
| 31 July 2021 |
| 31.7.21 | 31.7.20 |
| Notes | £ | £ | £ | £ |
| CALLED UP SHARE CAPITAL NOT PAID |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 | 79,028 | 132,385 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| Galzar Consulting Ltd (Registered number: 07692508) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2021 |
| 1. | STATUTORY INFORMATION |
| Galzar Consulting Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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 |
| Galzar Consulting Ltd (Registered number: 07692508) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 August 2020 |
| Additions |
| At 31 July 2021 |
| DEPRECIATION |
| At 1 August 2020 |
| Charge for year |
| At 31 July 2021 |
| NET BOOK VALUE |
| At 31 July 2021 |
| At 31 July 2020 |
| 5. | FIXED ASSET INVESTMENTS |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Shares in group undertakings |
| Loans to group undertakings |
| Participating interests |
| Additional information is as follows: |
| Interest |
| Shares in | in other |
| group | participating |
| undertakings | interests | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2020 | 25,585 | 129,985 |
| Additions | - | 3,667 |
| Disposals | ( |
) | (3,497 | ) | (107,897 | ) |
| At 31 July 2021 | 22,088 | 25,755 |
| NET BOOK VALUE |
| At 31 July 2021 | 22,088 | 25,755 |
| At 31 July 2020 | 25,585 | 129,985 |
| Loans to |
| group |
| undertakings |
| £ |
| At 1 August 2020 |
| New in year |
| Repayment in year | ( |
) |
| At 31 July 2021 |
| Shares in group undertakings had incorrectly been recorded as £104,400. This balance was in fact made up of shares (£667) and loans of (£103,733). This has been reclassified in 2021 less loans repaid. |
| Galzar Consulting Ltd (Registered number: 07692508) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2021 |
| 6. | DEBTORS |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 299 | 77 |
| Company Credit Card | 830 | 1,258 |
| Other creditors | 236,399 | 227,051 |
| Directors' current accounts | - | 329 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Other loans - 1-2 years |
| Other creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.21 | 31.7.20 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 August 2020 |
| Deficit for the year | ( |
) |
| Dividends | ( |
) |
| At 31 July 2021 |