G: Solution Design Ltd
G: Solution Design Ltd
Registered number: 03802184
Financial Statements
For The Year Ended
31 July 2022
Leathley & Co - Whaley Bridge Office
1 Market Street
Whaley Bridge
High Peak
Derbyshire
SK23 7AA
G: Solution Design Ltd
Financial Statements
For The Year Ended
31 July 2022
Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Page 1
G: Solution Design Ltd
Balance Sheet
As at
31 July 2022
Balance Sheet
Registered number:
03802184
For the year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
2022 | 2021 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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Creditors: Amounts Falling Due After More Than One Year | 7 |
( |
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NET LIABILITIES |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 8 |
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Profit and Loss Account |
( |
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SHAREHOLDERS' FUNDS | (7,600) | (6,589) | |||
Page 1
Page 2
G: Solution Design Ltd
Balance Sheet (continued)
As at
31 July 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
G: Solution Design Ltd
Notes to the Financial Statements
For The Year Ended
31 July 2022
Notes to the Financial Statements
1.
General Information
G: Solution Design Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
03802184
. The registered office is 1 Market Street, Whaley Bridge, High Peak, Derbyshire, SK23 7AA.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold |
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Plant & Machinery |
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Computer Equipment |
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3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2021: 1)
4.
Tangible Assets
Land & Property | ||||
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Leasehold | Plant & Machinery | Computer Equipment | Total | |
£ | £ | £ | £ | |
Cost | ||||
As at
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Disposals |
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Depreciation | ||||
As at
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Disposals |
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As at
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Net Book Value | ||||
As at
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As at
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5.
Debtors
2022 | 2021 | ||
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£ | £ | ||
Due within one year | |||
Director's loan account |
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Page 3
Page 4
G: Solution Design Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 July 2022
6.
Creditors: Amounts Falling Due Within One Year
2022 | 2021 | ||
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£ | £ | ||
Bank loans and overdrafts |
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Corporation tax |
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VAT | - |
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Other creditors |
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Accruals and deferred income |
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7.
Creditors: Amounts Falling Due After More Than One Year
2022 | 2021 | ||
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£ | £ | ||
Bank loans |
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8.
Share Capital
2022 | 2021 | ||
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Allotted, Called up and fully paid |
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9.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Page 4