Geckota Limited - Accounts to registrar (filleted) - small 18.2
Geckota Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 May 2018 |
| for |
| Geckota Limited |
| Geckota Limited (Registered number: 08070494) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Geckota Limited |
| Company Information |
| for the Year Ended 31 May 2018 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| 19 High Street |
| Pershore |
| Worcestershire |
| WR10 1AA |
| Geckota Limited (Registered number: 08070494) |
| Balance Sheet |
| 31 May 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps 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 Sections 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. |
| Geckota Limited (Registered number: 08070494) |
| Balance Sheet - continued |
| 31 May 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director on |
| Geckota Limited (Registered number: 08070494) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2018 |
| 1. | STATUTORY INFORMATION |
| Geckota Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the director is required to make judgements, estimates |
| and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other |
| sources. The estimates and associated assumptions are based on historical experience and other factors that are |
| considered to be relevant. Therefore actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates |
| are recognised in the period in which the estimate is revised if the revision affects only that period, or in the |
| period of the revision and future periods if the revision affects both current and future periods. |
| Within the company, the area where significant judgements and estimates are made by the director is in the stock |
| valuation. Stock of materials is valued on a cost price basis but is subject to ongoing reviews and a provision |
| made where the director is of the opinion that specific items are slow moving and require being written down to |
| net realisable value. At the year-end, the director has no concerns over the recoverability of the company's stock |
| balance as shown on the Balance Sheet. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value |
| added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods |
| have been transferred to the buyer. Turnover from the rendering of services is recognised by reference to the |
| stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs |
| incurred for work performed to date to the total estimated contract costs. |
| Goodwill |
| Tangible fixed assets |
| Freehold property | - |
| IT and website | - |
| Fixtures and fittings | - |
| Geckota Limited (Registered number: 08070494) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks |
| Stock comprises raw materials, work in progress, finished goods and goods for resale and is valued at the lower |
| of cost and net realisable value. |
| The cost of raw materials and goods for resale is purchase price on a first in first out basis. Work in progress is |
| the cost to date of manufacturing goods for resale. Cost of work in progress is raw material cost plus direct |
| labour and an appropriate proportion of production overheads. The cost of finished goods comprises all costs in |
| bringing the goods to their present location and condition. Net realisable value is calculated as the selling price |
| of the finished product or goods for resale less any costs still to be incurred in getting items into their finished |
| state. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than |
| the cost of the manufacture. |
| Taxation |
| Current tax: including UK corporation tax, is provided at amounts expected to be paid (or recovered) using the |
| tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the |
| current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax |
| rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial |
| statements of current and previous periods. It is recognised in respect of all timing differences, with certain |
| exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated |
| in the financial statements that arise from the inclusion of income and expense in tax assessments in periods |
| different from those in which they are recognised in the financial statements. Unrelieved tax losses and other |
| deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the |
| reversal of deferred tax liabilities or other future taxable profits. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the |
| balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued |
| non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that |
| apply to the sale of the asset. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Geckota Limited (Registered number: 08070494) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2018 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| Cost |
| At 1 June 2017 |
| and 31 May 2018 |
| Amortisation |
| At 1 June 2017 |
| and 31 May 2018 |
| Net book value |
| At 31 May 2018 |
| At 31 May 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | IT and | and |
| property | website | fittings | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 June 2017 |
| Additions |
| At 31 May 2018 |
| Depreciation |
| At 1 June 2017 |
| Charge for year |
| At 31 May 2018 |
| Net book value |
| At 31 May 2018 |
| At 31 May 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Geckota Limited (Registered number: 08070494) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2018 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 238,328 | - |