Registered Number
:
08272419
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
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
2020
2021
7,917
12,917
2
Property
,
plant and equipment
|
8,818
9,445
3
16,735
22,362
248,941
326,809
4
Trade and other receivables
|
13,287
36,745
5
148,014
Cash and cash equivalents
|
171,216
534,770
410,242
Trade and other payables
:
amounts falling due within one
|
year
|
(95,654)
(108,719)
6
314,588
426,051
Net current assets
Total assets less current liabilities
|
442,786
336,950
Trade and other payables
:
amounts falling due after more
|
than one year
|
-
(240,020)
7
(1,485)
(1,794)
Provisions for liabilities
|
201,281
Net assets
335,156
100
100
201,181
335,056
201,281
335,156
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2021 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.
|
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For the year ended 31 March 2021
Gazebo Spare Parts Ltd
Statement of Financial Position Continued
Mr L Pepper-Bowen Director
|
These financial statements were approved and authorised for issue by the Board on 18 May 2021 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2021
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
.
|
Unit 1, Caldecote
Baldock
Herts
SG7 5LE
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 2021
Gazebo Spare Parts Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
50,000
50,000
37,083
5,000
Charge for year
42,083
7,917
12,917
3
.
Property
,
plant and equipment
|
50,820
9,407
8,163
33,250
3,711
-
3,056
655
33,905
11,219
9,407
54,531
Provision for depreciation and impairment
|
41,375
7,407
8,163
25,805
Charge for year
4,338
1,226
1,019
2,093
45,713
8,633
9,182
27,898
6,007
2,037
774
8,818
7,445
-
2,000
9,445
2020
2021
326,809
248,941
4 of 5
For the year ended 31 March 2021
Gazebo Spare Parts Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2020
2021
36,745
13,287
6
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
21,198
6,602
Taxation and social security
|
83,012
41,632
4,509
47,420
108,719
95,654
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
240,020
-
8
.
Related party transactions
|
240
,
020
Company purchased
100
%
of shares owned by Mr Pepper for a total consideration of £
450000
on
11
April
|
2020
DirectorTom Pepper
[
Enter Note
]
|
9
.
Directors advances and guarantees
|
Mr T Pepper
Directors current ac
-
15,023
-
15,023
10
.
Average number of persons employed
|
During the year the average number of employees was 2 (2020 : 3)
5 of 5