Registered Number 05914067
GP GLOBAL EQUIPMENT LIMITED
Abbreviated Accounts
31 August 2016
Notes | 2016 | 2015 | |
---|---|---|---|
$ | $ | ||
Fixed assets | |||
Tangible assets | 2 |
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|
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Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
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Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Accruals and deferred income |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
depreciation and any accumulated impairment losses. Historical cost includes expenditure that is
directly attributable to bringing the asset to the location and condition necessary for it to be capable
of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their
estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Plant and machinery - 10%
Motor vehicles - 20%
Fixtures and fittings - 10%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting
date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in the Profit and loss account.
Other accounting policies
The shareholders have agreed that they will continue to support the company for at least twelve
months from the date of approval of the accounts.
$ | |
---|---|
Cost | |
At 1 September 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 August 2016 |
|
Depreciation | |
At 1 September 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 August 2016 |
|
Net book values | |
At 31 August 2016 | 63,901 |
At 31 August 2015 | 86,701 |