Gartrac Limited - Accounts to registrar (filleted) - small 18.2

Gartrac Limited - Accounts to registrar (filleted) - small 18.2

GARTRAC LIMITED - Company Information

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REGISTERED NUMBER: 01148201 (England and Wales)












GARTRAC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2018





GARTRAC LIMITED (REGISTERED NUMBER: 01148201)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GARTRAC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2018







DIRECTORS: J D Bignold
D L Roe





SECRETARY: D L Roe





REGISTERED OFFICE: Fisher Lane
Chiddingfold
Godalming
Surrey
GU8 4TD





REGISTERED NUMBER: 01148201 (England and Wales)





ACCOUNTANTS: KIMBERS Chartered Accountants
20 Scillonian Road
GUILDFORD
Surrey
GU2 7PS
Page 1
GARTRAC LIMITED (REGISTERED NUMBER: 01148201)

BALANCE SHEET
30TH SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,565 53,456

CURRENT ASSETS
Stocks 88,408 92,709
Debtors 5 20,221 19,676
Cash at bank 441,913 443,762
550,542 556,147
CREDITORS
Amounts falling due within one year 6 149,244 170,688
NET CURRENT ASSETS 401,298 385,459
TOTAL ASSETS LESS CURRENT
LIABILITIES
457,863
438,915

CREDITORS
Amounts falling due after more than one
year
7
(7,066
)
-

PROVISIONS FOR LIABILITIES (9,992 ) (9,938 )
NET ASSETS 440,805 428,977

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 430,805 418,977
440,805 428,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13th June 2019 and were signed on its behalf by:





J D Bignold - Director


The notes form part of these financial statements

Page 2
GARTRAC LIMITED (REGISTERED NUMBER: 01148201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2018


1. STATUTORY INFORMATION

Gartrac Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 7 (2017 - 7 ) .

Page 3 continued...
GARTRAC LIMITED (REGISTERED NUMBER: 01148201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2017 155,129
Additions 37,990
Disposals (28,730 )
At 30th September 2018 164,389
DEPRECIATION
At 1st October 2017 101,673
Charge for year 11,334
Eliminated on disposal (5,183 )
At 30th September 2018 107,824
NET BOOK VALUE
At 30th September 2018 56,565
At 30th September 2017 53,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 17,543 16,751
Other debtors 2,678 2,925
20,221 19,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 4,038 -
Payments on account 14,498 -
Trade creditors 80,642 112,247
Taxation and social security 12,287 23,546
Other creditors 37,779 34,895
149,244 170,688

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 7,066 -

Page 4