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Unaudited Financial Statements for the Year Ended 29 February 2016 |
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GSL Transport (UK) Limited |
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Unaudited Financial Statements for the Year Ended 29 February 2016 |
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for |
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GSL Transport (UK) Limited |
GSL Transport (UK) Limited (Registered number: 06494645) |
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Contents of the Financial Statements |
for the Year Ended 29 February 2016 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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GSL Transport (UK) Limited |
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Company Information |
for the Year Ended 29 February 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
67 Westow Street |
Upper Norwood |
London |
SE19 3RW |
GSL Transport (UK) Limited (Registered number: 06494645) |
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Abridged Balance Sheet |
29 February 2016 |
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29.2.16 | 28.2.15 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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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 |
(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. |
GSL Transport (UK) Limited (Registered number: 06494645) |
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Abridged Balance Sheet - continued |
29 February 2016 |
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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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GSL Transport (UK) Limited (Registered number: 06494645) |
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Notes to the Financial Statements |
for the Year Ended 29 February 2016 |
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1. | STATUTORY INFORMATION |
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GSL Transport (UK) Limited 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. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Income is recognised during the year when the company provides goods and services. |
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Tangible fixed assets |
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Commercial vehicles and trailers | - |
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Computer equipment | - |
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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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Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the |
balance sheet date that are expected to apply to the reversal of the timing difference. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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GSL Transport (UK) Limited (Registered number: 06494645) |
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Notes to the Financial Statements - continued |
for the Year Ended 29 February 2016 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 March 2015 |
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Additions |
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Disposals | ( |
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At 29 February 2016 |
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DEPRECIATION |
At 1 March 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Totals |
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COST |
At 1 March 2015 | 153,896 |
Additions | 25,650 |
At 29 February 2016 | 179,546 |
DEPRECIATION |
At 1 March 2015 | 62,643 |
Charge for year | 29,226 |
At 29 February 2016 | 91,869 |
NET BOOK VALUE |
At 29 February 2016 | 87,677 |
At 28 February 2015 | 91,253 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
29.2.16 | 28.2.15 |
£ | £ |
Hire purchase contracts |
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GSL Transport (UK) Limited (Registered number: 06494645) |
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Notes to the Financial Statements - continued |
for the Year Ended 29 February 2016 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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29.2.16 | 28.2.15 |
£ | £ |
Hire purchase contracts | 71,363 | 91,055 |
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8. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £23,250 were paid to the director . |
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The company was controlled throughout the current and previous period by the director, Mr G D Townsend, |
who together with his wife owns 100% of the ordinary shares. |
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At 28 February 2016 the sum of £4,771 was owed to the director and is included in creditors. (2015: £18,306 |
was owed by the director). This loan is repayable on demand. |