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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2018 |
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GEODESIGN BARRIERS LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2018 |
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FOR |
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GEODESIGN BARRIERS LTD |
GEODESIGN BARRIERS LTD (REGISTERED NUMBER: 04648321) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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GEODESIGN BARRIERS LTD |
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COMPANY INFORMATION |
for the Year Ended 31 December 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Greville House |
10 Jury Street |
Warwick |
Warwickshire |
CV34 4EW |
GEODESIGN BARRIERS LTD (REGISTERED NUMBER: 04648321) |
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BALANCE SHEET |
31 December 2018 |
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31.12.18 | 31.12.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Prepayments and accrued income |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | ( |
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ACCRUALS AND DEFERRED INCOME | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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GEODESIGN BARRIERS LTD (REGISTERED NUMBER: 04648321) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2018 |
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1. | STATUTORY INFORMATION |
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Geodesign Barriers Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards |
(United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as |
otherwise stated). |
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Turnover and profits |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
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Profit is recognised on long-term contracts, if the final outcome can be accessed with reasonable certainty, by |
including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is |
calculated as that proportion of total contract value which costs to date bear to total expected costs for that |
contract. |
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Tangible fixed assets |
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Motor vehicles | - |
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Office Equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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GEODESIGN BARRIERS LTD (REGISTERED NUMBER: 04648321) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2018 |
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4. | TANGIBLE FIXED ASSETS |
Motor | Office |
vehicles | Equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2018 |
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Disposals | ( |
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At 31 December 2018 |
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DEPRECIATION |
At 1 January 2018 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Trade debtors |
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Amounts owed by associates |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Trade creditors |
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Amounts owed to associates | 81,670 | - |
Taxation and social security |
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Other creditors |
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GEODESIGN BARRIERS LTD (REGISTERED NUMBER: 04648321) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2018 |
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7. | STATEMENT OF CHANGES IN EQUITY |
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Called up
share capital |
Retained earnings |
Total equity |
£ | £ | £ |
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Balance at 1 January 2017 | 1,000 | 1,437,330 | 1,438,330 |
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Changes in equity |
Dividends | - | (36,000 | ) | (36,000 | ) |
Total comprehensive income | - | (15,789 | ) | (15,789 | ) |
Balance at 31 December 2017 | 1,000 | 1,385,541 | 1,386,541 |
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Changes in equity |
Dividends | - | (30,000 | ) | (30,000 | ) |
Total comprehensive income | - | (86,033 | ) | (86,033 | ) |
Balance at 31 December 2018 | 1,000 | 1,299,508 | 1,300,508 |
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