Garwill Consultancy Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07115994 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

GARWILL CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Williams

Mrs R Williams

REGISTERED OFFICE:

15 Ffordd yr Afon

Gwaelod y Garth

Cardiff

South Glamorgan

CF15 9TT

REGISTERED NUMBER:

07115994 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

1st Floor..

Nathaniel House

David Street

Bridgend

South Wales

CF31 3SA

FIXED ASSETS

Tangible assets

4

227

345

Investments

5

120,351

120,351

120,578

120,696

CURRENT ASSETS

Debtors

6

31,163

9,887

Cash at bank

10,500

16,473

41,663

26,360

CREDITORS

Amounts falling due within one year

7

34,531

25,809

NET CURRENT ASSETS

7,132

551

TOTAL ASSETS LESS CURRENT LIABILITIES

127,710

121,247

CREDITORS

Amounts falling due after more than one year

8

(11,913

)

(11,648

)

PROVISIONS FOR LIABILITIES

(43

)

(69

)

NET ASSETS

115,754

109,530

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

115,654

109,430

SHAREHOLDERS' FUNDS

115,754

109,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 August 2018 and were signed on its behalf by:

G Williams - Director

1.	STATUTORY INFORMATION

Garwill Consultancy Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

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 invoiced sales of services, inclusive of Value Added Tax. The company operates the Flat

Rate VAT Scheme and recognises the VAT payable as a cost of sale.

Turnover is recognised upon raising invoices on a monthly basis.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Relevant life policies

The Directors are provided with life assurance benefits under a Relevant Life Policy. These are disclosed

separately in the profit and loss account. Under current UK taxation legislation, the Directors are not deemed to

receive a taxable benefit in this respect.

Fixed asset investments

Fixed asset investments are shown at cost. The carrying values of investments are reviewed for impairment if

events or changes in circumstances indicate the carrying values may not be recoverable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

473

DEPRECIATION

At 1 January 2017

128

Charge for year

118

At 31 December 2017

246

NET BOOK VALUE

At 31 December 2017

227

At 31 December 2016

345

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2017

and 31 December 2017

132,350

PROVISIONS

At 1 January 2017

and 31 December 2017

11,999

NET BOOK VALUE

At 31 December 2017

120,351

At 31 December 2016

120,351

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

31,163

9,887

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

9,250

3,708

Trade creditors

301

448

Taxation and social security

19,194

19,853

Other creditors

5,786

1,800

34,531

25,809

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans

11,913

11,648

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2017 and

31 December 2016:

31.12.17

31.12.16

£

£

Mrs R Williams and G Williams

Balance outstanding at start of year

9,709

(619

)

Amounts advanced

73,071

73,328

Amounts repaid

(67,900

)

(63,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,880

9,709