Company Registration No. 06962398 (England and Wales)
GOOD ADVICE UK LIMITED
Unaudited accounts
for the year ended 31 March 2018
GOOD ADVICE UK LIMITED
Unaudited accounts
Contents
GOOD ADVICE UK LIMITED
Company Information
for the year ended 31 March 2018
Directors
Aly Elmarakby
Atef Elmarakby
Company Number
06962398 (England and Wales)
Registered Office
GOOD ADVICE UK
88 KINGSWAY
LONDON
WC2B 6AA
Accountants
Yahya & Co Accountants Ltd
T/A Yahya Accountancy
164 West Hendon Broadway
London
NW9 7AA
GOOD ADVICE UK LIMITED
Statement of financial position
as at
31 March 2018
Tangible assets
1,022,768
1,023,547
Cash at bank and in hand
29,280
17,243
Creditors: amounts falling due within one year
131,859
157,817
Net current assets
300,061
190,932
Total assets less current liabilities
1,322,829
1,214,479
Creditors: amounts falling due after more than one year
(1,316,217)
(1,241,416)
Net assets/(liabilities)
6,612
(26,937)
Called up share capital
100
100
Profit and loss account
6,512
(27,037)
Shareholders' funds
6,612
(26,937)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 June 2018.
Atef Elmarakby
Director
Company Registration No. 06962398
GOOD ADVICE UK LIMITED
Notes to the Accounts
for the year ended 31 March 2018
GOOD ADVICE UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06962398. The registered office is GOOD ADVICE UK, 88 KINGSWAY, LONDON, WC2B 6AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation provided this year
Plant & machinery
20% on reducing balance method.
Computer equipment
20% on reducing balance method.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
1,019,653
216
4,739
1,024,608
At 31 March 2018
1,019,653
216
4,739
1,024,608
At 1 April 2017
-
113
948
1,061
Charge for the year
-
21
758
779
At 31 March 2018
-
134
1,706
1,840
At 31 March 2018
1,019,653
82
3,033
1,022,768
At 31 March 2017
1,019,653
103
3,791
1,023,547
GOOD ADVICE UK LIMITED
Notes to the Accounts
for the year ended 31 March 2018
Trade debtors
15,752
15,752
Accrued income and prepayments
120
120
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
25,186
17,268
Taxes and social security
(157,945)
(175,085)
7
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
1,316,217
273,416
- The company owes the director, Mr Aly Elmarakby an amount of £202,000 as unsecured director loan as per the agreement dated 1 August 2013
-and Mr Atef Elmarakby £1,114,217 which includes an amount of £968,000.00 raised through remortgage of Mr Atef Elmarakby's personal properties to raise funds for purchase of the a new office building for the company
8
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 25 (2017: 14).