Findon Gas Services Limited
|
Registered Number
:
10700992
|
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2020
Findon Gas Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Findon Gas Services Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
10,987
12,667
2
10,987
12,667
-
2,000
3
Trade and other receivables
|
343
1,579
4
3,661
Cash and cash equivalents
|
2,582
6,161
4,004
Trade and other payables
:
amounts falling due within one
|
year
|
(24,359)
(24,507)
5
(20,355)
(18,346)
Net current liabilities
Total assets less current liabilities
|
(7,359)
(7,688)
1,396
1,474
Provisions for liabilities
|
(5,963)
Net liabilities
(6,214)
100
100
(6,063)
(6,314)
(5,963)
(6,214)
Shareholders' funds
For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 13 June 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2020
Findon Gas Services Limited
Notes to the Financial Statements
Statutory Information
Findon Gas Services Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
10700992
.
|
16 Valley Gardens
Findon Valley
West Sussex
BN14 0JJ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Property, plant and equipment
Plant and equipment 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:
|
Plant & Equipmnet
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
2
.
Property
,
plant and equipment
|
22,311
1,982
24,293
Provision for depreciation and impairment
|
9,644
Charge for year
3,662
13,306
10,987
12,667
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For the year ended 31 March 2020
Findon Gas Services Limited
Notes to the Financial Statements Continued
2019
2020
2,000
-
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.
|
4
.
Trade and other receivables
|
2019
2020
1
55
Prepayments and accrued income
|
1,578
288
343
1,579
5
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
Taxation and social security
|
161
160
Accruals and deferred income
|
1,406
744
Directors
'
loan accounts
|
22,758
22,613
182
842
24,507
24,359
6
.
Related party transactions
|
During the year ended
31
March
2020
,
Mr J Redman
,
together with members of his close family
,
controlled the
|
company by virtue of a controlling interest
(
directly or indirectly
)
of
100
%
of the issued share capital
.
|
During the year the company paid rent to Mr J Redman of £
760
(
2019
-
£
678
).
The transactions were made on a
|
normal trading basis
.
|
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