Galathe Consulting Ltd Micro entities accounts

Galathe Consulting Ltd Micro entities accounts

GALATHE CONSULTING LTD - Company Information

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COMPANY REGISTRATION NUMBER: 07257184
Galathe Consulting Ltd
Unaudited Financial Statements
31 March 2017
DAVID E SEABRIGHT & CO (NAILSEA) LIMITED
Accountants
120 Station Road
Nailsea
North Somerset
BS48 1TB
Galathe Consulting Ltd
Financial Statements
Year ended 31 March 2017
Contents
Page
Income statement
1
Statement of financial position and the notes to the financial statements
2
Galathe Consulting Ltd
Income Statement
Year ended 31 March 2017
2017
2016
£
£
Turnover
31,304
153,817
Staff costs
( 15,252)
( 15,252)
Depreciation and other amounts written off assets
( 17)
( 796)
Other charges
17,573
(29,408)
Tax
( 1,845)
( 23,647)
--------
---------
Profit
31,763
84,714
--------
---------
Galathe Consulting Ltd
Statement of Financial Position
31 March 2017
2017
2016
£
£
£
Fixed assets
-
17
----
----
Current assets
337,020
361,247
Creditors: amounts falling due within one year
39,265
55,772
---------
---------
Net current assets
297,755
305,475
---------
---------
Total assets less current liabilities
297,755
305,492
Accruals and deferred income
1,500
1,500
---------
---------
296,255
303,992
---------
---------
Capital and reserves
296,255
303,992
---------
---------
Notes to the financial statements
1. Director's advances, credits and guarantees
The director has a current account with the company. As at 31 March 2017, the company owed Mr R Rogers £37,060 (2016 £28,558). No interest is charged on the loan account.
For the year ending 31 March 2017 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 .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 30 April 2017 , and are signed on behalf of the board by:
Mr R Rogers
Director
Company registration number: 07257184
The company is a private company limited by shares, registered in England and Wales.
Galathe Consulting Ltd
Management Information
Year ended 31 March 2017
The following page does not form part of the financial statements.
Galathe Consulting Ltd
Detailed Income Statement
Year ended 31 March 2017
2017
2016
£
£
Turnover
31,304
153,817
Staff costs
15,252
15,252
Depreciation and other amounts written off assets
17
796
Other charges
17,573
(29,408)
--------
---------
33,608
108,361
--------
---------
Galathe Consulting Ltd
Notes to the Detailed Income Statement
Year ended 31 March 2017
2017
2016
£
£
Staff costs
Wages and salaries
8,052
8,052
Directors salaries
7,200
7,200
--------
--------
15,252
15,252
--------
--------
Depreciation and other amounts written off assets
Depreciation of tangible assets
17
796
----
----
Other charges
Rent
520
520
Insurance
522
682
Travel and subsistence
5,664
17,395
Telephone
730
761
Companies House fee
13
13
Printing postage and stationery
256
266
Sundry expenses
260
1,468
Entertaining
-
914
Bank charges
64
75
QDOS insurance & contract review
953
822
Accountancy fees
1,716
1,716
Interest on cash and cash equivalents
64
73
Dividend income
3,808
4,383
-------
--------
6,826
20,176
-------
--------