Gadiatech Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 08429614

Gadiatech Limited

Filleted Unaudited Financial Statements

31 March 2018

Gadiatech Limited

Financial Statements

Year ended 31 March 2018

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Gadiatech Limited

Officers and Professional Advisers

Director	A B Moshal

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Gadiatech Limited

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Gadiatech Limited

Year ended 31 March 2018

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2018, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Gadiatech Limited

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	4		16,777	12,955

Current assets

Debtors	5	223,027	325,809
Cash at bank and in hand		29,108	45,076
		---------	---------
		252,135	370,885

Creditors: amounts falling due within one year	6	201,213		266,888
		---------		---------
Net current assets			50,922	103,997
			--------	---------
Total assets less current liabilities			67,699	116,952

Creditors: amounts falling due after more than one year	7	804,647	804,647
		---------	---------
Net liabilities		( 736,948)	( 687,695)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 736,949)	( 687,696)
	---------	---------
Shareholders funds	( 736,948)	( 687,695)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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

For the year ending 31 March 2018 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 .

Gadiatech Limited

Statement of Financial Position (continued)

31 March 2018

These financial statements were approved by the board of directors and authorised for issue on 19 December 2018 , and are signed on behalf of the board by:

A B Moshal
Director

Company registration number: 08429614

Gadiatech Limited

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. We believe that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the financial statements.

Judgements and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
IT equipment	-	33% straight line

4. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2017	30,017	33,825	63,842
Additions	10,185	–	10,185
	--------	--------	--------
At 31 March 2018	40,202	33,825	74,027
	--------	--------	--------
Depreciation
At 1 April 2017	17,062	33,825	50,887
Charge for the year	6,363	–	6,363
	--------	--------	--------
At 31 March 2018	23,425	33,825	57,250
	--------	--------	--------
Carrying amount
At 31 March 2018	16,777	–	16,777
	--------	--------	--------
At 31 March 2017	12,955	–	12,955
	--------	--------	--------

5. Debtors

	2018	2017
	£	£
Trade debtors	127,200	177,000
Other debtors	95,827	148,809
	---------	---------
	223,027	325,809
	---------	---------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	88,985	160,466
Social security and other taxes	4,902	5,151
Other creditors	107,326	101,271
	---------	---------
	201,213	266,888
	---------	---------

7. Creditors: amounts falling due after more than one year

	2018	2017
	£	£
Other creditors	804,647	804,647
	---------	---------