Registered Number
:
08272419
|
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2019
Gazebo Spare Parts Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Gazebo Spare Parts Ltd
Statement of Financial Position
2018
2019
17,917
22,917
2
Property
,
plant and equipment
|
2,605
3,061
3
20,522
25,978
245,727
239,289
4
Trade and other receivables
|
-
2,956
5
86,885
Cash and cash equivalents
|
97,327
339,572
332,612
Trade and other payables
:
amounts falling due within one
|
year
|
(204,086)
(103,437)
6
128,526
236,135
Net current assets
Total assets less current liabilities
|
256,657
154,504
(495)
(581)
Provisions for liabilities
|
256,162
Net assets
153,923
100
100
256,062
153,823
256,162
153,923
Shareholders' funds
For the year ended 31 March 2019 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 2019 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their 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 06 June 2019 and were signed by:
|
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For the year ended 31 March 2019
Gazebo Spare Parts Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2019
Gazebo Spare Parts Ltd
Notes to the Financial Statements
Statutory Information
Gazebo Spare Parts Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
08272419
.
|
6 Curtis Centre
Kingdom Avenue
Northacre Industrial Park, Westbury
Wiltshire
BA13 4EW
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
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
|
Property, plant and equipment
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:
|
Plant and machinery
Computer equipment
Inventories
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. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 5
For the year ended 31 March 2019
Gazebo Spare Parts Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
50,000
50,000
27,083
5,000
Charge for year
32,083
17,917
22,917
3
.
Property
,
plant and equipment
|
37,766
5,729
8,163
23,874
1,642
1,357
-
285
24,159
8,163
7,086
39,408
Provision for depreciation and impairment
|
34,705
3,532
7,321
23,852
Charge for year
2,098
1,599
421
78
36,803
5,131
7,742
23,930
229
421
1,955
2,605
22
842
2,197
3,061
2018
2019
239,289
245,727
4 of 5
For the year ended 31 March 2019
Gazebo Spare Parts Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2018
2019
(7)
-
2,963
-
-
2,956
6
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
2,209
5,259
Taxation and social security
|
47,346
47,560
53,882
151,267
103,437
204,086
7
.
Average number of persons employed
|
During the year the average number of employees was 3 (2018 : 3)
5 of 5