REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MAY 2020 |
|
FOR |
|
GAVIN FLEET CARE LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MAY 2020 |
|
FOR |
|
GAVIN FLEET CARE LIMITED |
GAVIN FLEET CARE LIMITED (REGISTERED NUMBER: 03202239) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 MAY 2020 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
GAVIN FLEET CARE LIMITED |
|
COMPANY INFORMATION |
for the Year Ended 31 MAY 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
BUSINESS ADDRESS: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
260 - 270 Butterfield |
Great Marlings |
Luton |
Bedfordshire |
LU2 8DL |
GAVIN FLEET CARE LIMITED (REGISTERED NUMBER: 03202239) |
|
BALANCE SHEET |
31 MAY 2020 |
|
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their 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. |
GAVIN FLEET CARE LIMITED (REGISTERED NUMBER: 03202239) |
|
BALANCE SHEET - continued |
31 MAY 2020 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
|
|
|
|
|
|
|
|
|
|
GAVIN FLEET CARE LIMITED (REGISTERED NUMBER: 03202239) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 MAY 2020 |
|
1. | STATUTORY INFORMATION |
|
Gavin Fleet Care Limited is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The business was closed as of the 23rd March 2020 due Government guidelines regarding Covid-19 pandemic. |
This effectively stopped the trade of the business for a short period. During the financial year the directors have |
taken advantage of the Government Bounce Back Loan Scheme and the Furlough Scheme. The directors believe |
this has allowed the business to continue as a going concern. |
|
Turnover |
Turnover represents the fair value of consideration received or receivable after any trade discounts and prompt |
settlement discounts, excluding value added tax. |
|
Tangible fixed assets |
|
Short leasehold | - |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Government grants |
Government grants in relation to tangible fixed asset are shown on the profit or loss as other income over the |
useful lives of the related assets, whereas those in relation to expenditure are shown as other income when the |
expenditure is charged to profit and loss. |
|
Stock |
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. |
|
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. |
|
GAVIN FLEET CARE LIMITED (REGISTERED NUMBER: 03202239) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MAY 2020 |
|
2. | ACCOUNTING POLICIES - continued |
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. |
|
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 |
Fixtures |
Short | Plant and | and |
leasehold | machinery | fittings |
£ | £ | £ |
COST |
At 1 June 2019 |
|
|
|
Additions |
|
|
|
At 31 May 2020 |
|
|
|
DEPRECIATION |
At 1 June 2019 |
|
|
|
Charge for year |
|
|
|
At 31 May 2020 |
|
|
|
NET BOOK VALUE |
At 31 May 2020 |
|
|
|
At 31 May 2019 |
|
|
|
GAVIN FLEET CARE LIMITED (REGISTERED NUMBER: 03202239) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MAY 2020 |
|
4. | TANGIBLE FIXED ASSETS - continued |
|
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 June 2019 |
|
|
|
Additions |
|
|
|
At 31 May 2020 |
|
|
|
DEPRECIATION |
At 1 June 2019 |
|
|
|
Charge for year |
|
|
|
At 31 May 2020 |
|
|
|
NET BOOK VALUE |
At 31 May 2020 |
|
|
|
At 31 May 2019 |
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Prepayments |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Corporation tax |
|
|
Taxation and social security |
|
|
VAT | 21,436 | 16,419 |
Accrued expenses |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Bank loans |
|
|
Bank loans - 2-5 years |
|
|
|
|
GAVIN FLEET CARE LIMITED (REGISTERED NUMBER: 03202239) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MAY 2020 |
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2020 | 2019 |
£ | £ |
Bounce back loan | 50,000 | - |
|
The Bounce Back Loan is secured by the UK Government. |
|
9. | ULTIMATE CONTROLLING PARTY |
|
The directors, Messrs A Shoosmith, S Shoosmith and R Shoosmith, control the company by virtue of their 100% |
shareholdings. |