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GCD Cyber Defense Consultancy Limited
Registered number: SC535338
Balance Sheet
as at 31 May 2017
Notes 2017
Fixed assets
Tangible assets 3 1,790
Current assets
Cash at bank and in hand 52,849
Creditors: amounts falling due within one year 4 (54,184)
Net current liabilities (1,335)
Total assets less current liabilities 455
Provisions for liabilities (355)
Net assets 100
Capital and reserves
Called up share capital 100
Shareholders' funds 100
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Guy Dingle
Approved by the board on 30 August 2017
GCD Cyber Defense Consultancy Limited
Notes to the Accounts
for the year ended 31 May 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2017
Average number of persons employed by the company 2
3 Tangible fixed assets
Plant and machinery etc
Additions 2,237
At 31 May 2017 2,237
Charge for the year 447
At 31 May 2017 447
Net book value
At 31 May 2017 1,790
4 Creditors: amounts falling due within one year 2017
Corporation tax 9,509
Other taxes and social security costs 24
Director's account 44,651
5 Related party transactions
In the financial year the company paid a total of £39,445 of dividends to its shareholders.
6 Controlling party
The ultimate controlling party during the period: Guy Dingle
Guy Dingle holds 51% of the issued share capital and is deemed the ultimate controlling party.
7 Other information
GCD Cyber Defense Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 7
1 Sandpiper Road
GCD Cyber Defense Consultancy Limited SC535338 false 2016-06-01 2017-05-31 2017-05-31 VT Final Accounts November 2016, release 3 Guy Dingle No description of principal activity SC535338 2016-06-01 2017-05-31 SC535338 bus:PrivateLimitedCompanyLtd 2016-06-01 2017-05-31 SC535338 bus:AuditExemptWithAccountantsReport 2016-06-01 2017-05-31 SC535338 bus:Director40 2016-06-01 2017-05-31 SC535338 2 2016-06-01 2017-05-31 SC535338 countries:England 2016-06-01 2017-05-31 SC535338 bus:FRS102 2016-06-01 2017-05-31 SC535338 bus:FullAccounts 2016-06-01 2017-05-31 SC535338 2017-05-31 SC535338 core:WithinOneYear 2017-05-31 SC535338 core:ShareCapital 2017-05-31 SC535338 2016-05-31 iso4217:GBP xbrli:pure