Company Registration No. 03590572 (England and Wales)
GAS TECHNICAL SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
GAS TECHNICAL SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
GAS TECHNICAL SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
11,008
14,651
Current assets
Stocks
425
750
Debtors
6,286
19,705
Cash at bank and in hand
104,766
95,810
111,477
116,265
Creditors: amounts falling due within one year
(22,624)
(22,049)
Net current assets
88,853
94,216
Total assets less current liabilities
99,861
108,867
Provisions for liabilities
(2,202)
(2,930)
97,659
105,937
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
97,559
105,837
Shareholders' funds
97,659
105,937
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 September 2015
Mr TP Dobson
Mrs K Dobson
Director
Director
Company Registration No. 03590572
GAS TECHNICAL SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% reducing balance
Motor vehicles
25% reducing balance
1.4
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.5
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
39,639
Depreciation
At 1 April 2014
24,988
Charge for the year
3,643
At 31 March 2015
28,631
Net book value
At 31 March 2015
11,008
At 31 March 2014
14,651
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100