Company Registration No. 8984500 (England and Wales)
Gauntly & Arabin Limited
Unaudited accounts
for the year ended 31 March 2021
Gauntly & Arabin Limited
Statement of financial position
as at 31 March 2021
Cash at bank and in hand
7,195
4,445
Creditors: amounts falling due within one year
(8,967)
(2,562)
Net current assets
64,716
71,786
Total assets less current liabilities
123,493
77,339
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
121,887
77,239
Shareholders' funds
121,987
77,339
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 July 2021 and were signed on its behalf by
Dr D Burch
Director
Company Registration No. 8984500
Gauntly & Arabin Limited
Notes to the Accounts
for the year ended 31 March 2021
Gauntly & Arabin Limited is a private company, limited by shares, registered in England and Wales, registration number 8984500. The registered office is The Cottage, Horley, Banubry, Oxfordshire, OX15 6BE, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Investments in shares are included at fair value.
4
Investments
Other investments
Valuation at 1 April 2020
5,553
Fair value adjustments
7,924
Valuation at 31 March 2021
58,777
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
66,488
69,903
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
8,967
2,562
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Gauntly & Arabin Limited
Notes to the Accounts
for the year ended 31 March 2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan repayable on demand
55,775
-
3,233
52,542
Interest at the official rate of 2.25% (2020: 2.5%) was charged on the loans. The maximum amount outstanding during the year was £60,668. The loans are repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
