Gadiatech Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 08429614

Gadiatech Limited

Filleted Unaudited Financial Statements

31 March 2022

Gadiatech Limited

Financial Statements

Year ended 31 March 2022

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Gadiatech Limited

Officers and Professional Advisers

Director	A B Moshal

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Gadiatech Limited

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Gadiatech Limited

Year ended 31 March 2022

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2022, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Gadiatech Limited

Statement of Financial Position

31 March 2022

	2022	2021
Note	£	£

Fixed assets

Tangible assets	4	4,105	10,493

Current assets

Debtors	5	134,496	302,450
Cash at bank and in hand		63,611	87,638
		---------	---------
		198,107	390,088

Creditors: amounts falling due within one year	6	140,835	300,275
		---------	---------
Net current assets		57,272	89,813
		--------	---------
Total assets less current liabilities		61,377	100,306

Creditors: amounts falling due after more than one year	7	804,647	804,647
		---------	---------
Net liabilities		( 743,270)	( 704,341)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 743,271)	( 704,342)
	---------	---------
Shareholders funds	( 743,270)	( 704,341)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Gadiatech Limited

Statement of Financial Position (continued)

31 March 2022

These financial statements were approved by the board of directors and authorised for issue on 10 January 2023 , and are signed on behalf of the board by:

A B Moshal
Director

Company registration number: 08429614

Gadiatech Limited

Notes to the Financial Statements

Year ended 31 March 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. We believe that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the financial statements.

Judgements and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements .

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
IT equipment	-	33% straight line

4. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2021 and 31 March 2022	43,156	60,867	104,023
	--------	--------	---------
Depreciation
At 1 April 2021	37,274	56,256	93,530
Charge for the year	2,848	3,540	6,388
	--------	--------	---------
At 31 March 2022	40,122	59,796	99,918
	--------	--------	---------
Carrying amount
At 31 March 2022	3,034	1,071	4,105
	--------	--------	---------
At 31 March 2021	5,882	4,611	10,493
	--------	--------	---------

5. Debtors

	2022	2021
	£	£
Trade debtors	42,600	255,900
Other debtors	91,896	46,550
	---------	---------
	134,496	302,450
	---------	---------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	92,586	93,435
Social security and other taxes	1,499	27,089
Other creditors	46,750	179,751
	---------	---------
	140,835	300,275
	---------	---------

7. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Other creditors	804,647	804,647
	---------	---------