GDF Consultancy.Com Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 07150627

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

GDF CONSULTANCY.COM LIMITED

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

2,637

3,058

Current assets

Debtors

5

4,948

17,170

Cash at bank

757

1,875

5,705

19,045

Creditors

Amounts falling due within one year

6

7,527

8,076

Net current (liabilities)/assets

(1,822

)

10,969

Total assets less current liabilities

815

14,027

Provisions for liabilities

7

527

612

Net assets

288

13,415

Capital and reserves

Called up share capital

8

1

1

Retained earnings

287

13,414

Shareholders' funds

288

13,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 29 November 2016 and were signed by:

Mr J Gregory - Director

1.	Statutory information

GDF Consultancy.com Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 07150627. The registered office is 7&8 Church Street, Wimborne, BH21 1JH and business address is

Romany Centre Business Park, Wareham Road, Poole, BH16 6JL.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents training and human resource activities provided together with the receipt of grants for the provision of

such services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or

past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of

current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing

differences are differences between taxable profits and total comprehensive income as stated in the financial statements

that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are

recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet

date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible

fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the

contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract

that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any

losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 3 .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 March 2015

119

6,716

6,835

Additions

-

459

459

At 29 February 2016

119

7,175

7,294

Depreciation

At 1 March 2015

51

3,726

3,777

Charge for year

17

863

880

At 29 February 2016

68

4,589

4,657

Net book value

At 29 February 2016

51

2,586

2,637

At 28 February 2015

68

2,990

3,058

5.

Debtors: amounts falling due within one year

2016

2015

£

£

Other debtors

3,085

17,170

Directors' current accounts

1,863

-

4,948

17,170

6.

Creditors: amounts falling due within one year

2016

2015

£

£

Trade creditors

1,877

2,870

Tax

1,552

1,880

Social security and other taxes

2,208

1,430

Directors' current accounts

-

6

Accruals and deferred income

1,890

1,890

7,527

8,076

7.	Provisions for liabilities

2016

2015

£

£

Deferred tax

527

612

Deferred

tax

£

Balance at 1 March 2015

612

Credit to Statement of comprehensive income during year

(85

)

Balance at 29 February 2016

527

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29 February 2016 and 28 February 2015:

2016

2015

£

£

Mr J Gregory

Balance outstanding at start of year

(6

)

(3,782

)

Amounts advanced

20,869

7,776

Amounts repaid

(19,000

)

(4,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,863

(6

)

As at the balance sheet date, the director, Mr J Gregory owed the company £1,863 (2015 : The company owed the director,

Mr J Gregory, £6). The balance at the end of the year was the maximum balance owed to the company throughout the year

and was repaid within 9 months of the year end.

10.	Ultimate controlling party

The company is controlled by the director, Mr J Gregory, who owns 100% of the issued share capital.

11.	First year adoption

These financial statements for the year ended 29 February 2016 are the first financial statements that comply with FRS 102

Section 1A small entities. The date of transition is 01 March 2014.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those

previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to

these financial statements.