Registered Number 03686716
GERVAS CONSULTING LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
during the period, exclusive of Value Added Tax. Turnover is recognised at the point at
which the company has fulfilled its contractual obligations and the risks and rewards
attaching to the sale have been transferred to the customer.
In respect of long-term contracts and contracts for on-going services, turnover represents the
value of work done in the year, including estimates of amounts not invoiced. Turnover in
respect of long-term contracts and contracts for on-going services is recognised by reference
to the stage of completion.
Tangible assets depreciation policy
Other accounting policies
Depreciation is calculated so as to write off the cost of an asset over the useful economic life
of that asset as follows:
Office Equipment - 20% Straight line
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of
the scheme are held separately from those of the company. The annual contributions payable
are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all material timing differences that have originated
but not reversed at the balance sheet date where transactions or events have occurred at that
date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
The only exception is that deferred tax assets are recognised only to the extent that the
directors consider that it is more likely than not that there will be suitable taxable profits from
which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply
in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangement, as either financial assets, financial liabilities or equity instruments.
An equity instrument is any contract that evidences a residual interest in the assets of the
company after deducting all of its liabilities.
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 0 |
At 31 March 2014 | 0 |