Company Registration No. 12204735 (England and Wales)
GASFIT LTD
Unaudited accounts
for the year ended 30 September 2021
GASFIT LTD
Unaudited accounts
Contents
GASFIT LTD
Company Information
for the year ended 30 September 2021
Director
Joseph Henry Cooper
Company Number
12204735 (England and Wales)
Registered Office
79 MANFIELD GARDENS
ST. OSYTH
CLACTON-ON-SEA
ESSEX
CO16 8QB
UNITED KINGDOM
GASFIT LTD
Statement of financial position
as at
30 September 2021
Tangible assets
13,414
5,859
Cash at bank and in hand
38,044
35,160
Creditors: amounts falling due within one year
(52,658)
(35,413)
Net current (liabilities)/assets
(3,546)
2,916
Called up share capital
1
1
Profit and loss account
9,867
8,774
Shareholders' funds
9,868
8,775
For the year ending 30 September 2021 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 March 2022 and were signed on its behalf by
Joseph Henry Cooper
Director
Company Registration No. 12204735
GASFIT LTD
Notes to the Accounts
for the year ended 30 September 2021
GASFIT LTD is a private company, limited by shares, registered in England and Wales, registration number 12204735. The registered office is 79 MANFIELD GARDENS, ST. OSYTH, CLACTON-ON-SEA, ESSEX, CO16 8QB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery - 20% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 20% on cost.
Valuation information and policy
Stocks and work -in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Other accounting policies
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. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.
GASFIT LTD
Notes to the Accounts
for the year ended 30 September 2021
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 30 September 2021
17,381
Charge for the year
2,945
At 30 September 2021
3,967
At 30 September 2021
13,414
At 30 September 2020
5,859
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
11,068
3,169
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
52,658
35,413
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).