GB Cooker Spares (2012) Limited
|
For the year ended 30 April 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08016574
GB Cooker Spares (2012) Limited
For the year ended 30 April 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
GB Cooker Spares (2012) Limited
Chartered Accountants' Report
For the year ended 30 April 2016
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of GB Cooker Spares
(
2012
)
Limited for the year ended
30
April
2016
which comprise the Profit and Loss
|
Account
,
the Balance Sheet and the related notes from the company
'
s accounting records and from information
|
and explanations you have given us
.
|
As a practising firm of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to its
|
ethical and other professional requirements which are detailed at icaew
.
com
/
membershandbook
.
|
This report is made solely to the Board of Directors of GB Cooker Spares
(
2012
)
Limited
,
as a body
,
in accordance
|
with the terms of our engagement letter dated
25
September
2012
.
Our work has been undertaken solely to
|
prepare for your approval the accounts of GB Cooker Spares
(
2012
)
Limited and state those matters that we have
|
agreed to state to the Board of Directors of GB Cooker Spares
(
2012
)
Limited
,
as a body
,
in this report in
|
accordance with AAF
2
/
10
as detailed at icaew
.
com
/
compilation
.
To the fullest extent permitted by law
,
we do not
|
accept or assume responsibility to anyone other than GB Cooker Spares
(
2012
)
Limited and its Board of Directors
|
as a body for our work or for this report
.
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It is your duty to ensure that GB Cooker Spares
(
2012
)
Limited has kept adequate accounting records to prepare
|
statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of GB Cooker
|
Spares
(
2012
)
Limited
.
You consider that GB Cooker Spares
(
2012
)
Limited is exempt from the statutory audit
|
requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of GB Cooker Spares
(
2012
)
Limited
.
|
For this reason
,
we have not verified the accuracy or completeness of the accounting records or information and
|
explanations you have given to us and we do not
,
therefore
,
express any opinion on the statutory accounts
.
|
Philip Nickson & Co Ltd
Paradise Farm
High Street
Kempsford
Fairford
GL7 4EU
23 January 2017
1 of 4
Abbreviated Balance Sheet
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GB Cooker Spares (2012) Limited
2016
2015
2
21,957
22,380
21,957
22,380
200,072
304,933
1,559
28,181
59,313
60,358
392,427
261,989
Creditors
:
amounts falling due within one year
|
(200,455)
(130,364)
61,534
262,063
Net current assets
Total assets less current liabilities
|
284,020
83,914
Creditors
:
amounts falling due after more than one year
|
3
-
(4,853)
(3,246)
(4,476)
Provisions for liabilities
|
275,921
Net assets
79,438
1
4
1
275,920
79,437
275,921
79,438
Shareholders funds
For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 23 January 2017
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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GB Cooker Spares (2012) Limited
For the year ended 30 April 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
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The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
|
ruling at the balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the
|
transaction
.
All foreign exchange differences are included to the profit and loss account
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Computer Equipment
Motor Vehicles
Fixtures and Fittings
3 of 4
Notes to the Abbreviated Financial Statements
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GB Cooker Spares (2012) Limited
For the year ended 30 April 2016
Assets on finance lease and hire purchase
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Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and
|
rewards of ownership have passed to the company
,
are included in the appropriate category of tangible fixed assets
|
and depreciated over the shorter of the lease term and their estimated expected useful lives
.
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Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
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Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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46,675
13,225
59,900
24,295
13,648
Charge for year
37,943
21,957
22,380
3
Creditors due after more than one year
|
Creditors falling due after five years and repayble by instalments amounted to £1,722 (2015 - £nil).
Allotted called up and fully paid
|
2016
2015
1
Ordinary share of £
1
.
00
each
|
1
1
1
1
4 of 4