|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
G-tech It Solutions Limited |
|
Unaudited Financial Statements for the Year Ended 31 March 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
G-tech It Solutions Limited |
|
Unaudited Financial Statements for the Year Ended 31 March 2017 |
|
|
|
|
|
G-tech It Solutions Limited (Registered number: 06840362) |
|
Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
G-tech It Solutions Limited |
|
Company Information |
for the Year Ended 31 March 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
3 Southernhay West |
Exeter |
Devon |
EX1 1JG |
G-tech It Solutions Limited (Registered number: 06840362) |
|
Balance Sheet |
31 March 2017 |
|
2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank | ( |
) |
|
|
|
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 8 |
|
|
Retained earnings | 9 |
|
|
SHAREHOLDERS' FUNDS |
|
|
G-tech It Solutions Limited (Registered number: 06840362) |
|
Balance Sheet - continued |
31 March 2017 |
|
|
|
|
|
|
The director acknowledges his 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
G-tech It Solutions Limited (Registered number: 06840362) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
|
|
1. | STATUTORY INFORMATION |
|
G-tech It Solutions Limited is a
|
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 |
|
|
Turnover |
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and |
services to customers. |
|
Tangible fixed assets |
|
Motor vehicles | - |
|
Office equipment | - |
|
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
|
Hire purchase and leasing |
Assets held under finance leases, which are leases where substantially all the risks and rewards of |
ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible |
fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital |
elements of future obligations under the leases are included as liabilities in the balance sheet. The |
interest element of the rental obligation is charged to the profit and loss account over the period of |
the lease. Assets held under hire purchase agreements are capitalised as tangible fixed assets and |
are depreciated over the shorter of the hire purchase term and their useful lives. The capital element |
of future finance payments is included within creditors. Finance charges are allocated to accounting |
periods over the length of the contract. |
G-tech It Solutions Limited (Registered number: 06840362) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Motor | Office |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2016 |
|
|
|
Additions |
|
|
|
Disposals | ( |
) |
|
( |
) |
At 31 March 2017 |
|
|
|
DEPRECIATION |
At 1 April 2016 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal | ( |
) |
|
( |
) |
At 31 March 2017 |
|
|
|
NET BOOK VALUE |
At 31 March 2017 |
|
|
|
At 31 March 2016 |
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
|
|
Tax |
|
|
Social security and other taxes |
|
|
VAT | 5,772 | 5,532 |
Accruals |
|
|
|
|
G-tech It Solutions Limited (Registered number: 06840362) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
|
|
7. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2017 | 2016 |
£ | £ |
Bank overdrafts |
|
|
|
The debts are secured on assets of the company. |
|
8. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
|
Ordinary | £1 | 1 | 1 |
|
9. | RESERVES |
Retained |
earnings |
£ |
|
At 1 April 2016 |
|
Profit for the year |
|
Dividends | ( |
) |
At 31 March 2017 |
|
|
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to a director subsisted during the years ended 31 March 2017 and |
31 March 2016: |
|
2017 | 2016 |
£ | £ |
|
Balance outstanding at start of year |
|
( |
) |
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
|
Interest was charged on the overdrawn balance of £1,010 (2016: £752), calculated at 3% (2016: 3%). |
|
11. | FIRST YEAR ADOPTION |
|
The date of transition to FRS 102 was 1 April 2015. There were no changes to accounting policies or |
adjustments to comparative figures as a result of transition to FRS 102. |
|