Abbreviated Company Accounts - GS IT CONSULTANCY LIMITED

GS IT CONSULTANCY LIMITED - Company Information

07298023 GS IT CONSULTANCY LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 07298023 2014-07-01 2015-06-30 07298023 2015-06-30 07298023 2014-06-30 07298023 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 07298023 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 07298023

GS IT CONSULTANCY LIMITED

Abbreviated Accounts

30 June 2015

GS IT CONSULTANCY LIMITED Registered Number 07298023

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Current assets
Debtors		2,444	1,836
Cash at bank and in hand		-	9,734
		2,444	11,570
Creditors: amounts falling due within one year		(16,300)	(15,649)
Net current assets (liabilities)		(13,856)	(4,079)
Total assets less current liabilities		(13,856)	(4,079)
Total net assets (liabilities)		(13,856)	(4,079)
Capital and reserves
Called up share capital	2	1	1
Profit and loss account		(13,857)	(4,080)
Shareholders' funds		(13,856)	(4,079)

For the year ending 30 June 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 October 2015

And signed on their behalf by:
Mr G Sutherland, Director

GS IT CONSULTANCY LIMITED Registered Number 07298023

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to customers. Turnover is recognised when services are rendered to the customer.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Office equipment 33 1/3% using the straight line method

Other accounting policies
Going concern

The financial statements have been prepared on a going concern basis. The company recorded a loss for the financial year of £9,777 and had net liabilities of £13,856 at the balance sheet date. Having made losses in recent years, the company ceased to trade on 30th June 2015 as it is no longer able to find a market place for its activities. The company is dependent on the support of its director who has confirmed his continued support to the extent that the company may organise an orderly winding up of its affairs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1