GSE TOOL SUPPORT LIMITED

GSE TOOL SUPPORT LIMITED

GSE TOOL SUPPORT LIMITED - Company Information

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GSE TOOL SUPPORT LIMITED

Company Registration Number:
09536453 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2018

Period of accounts

Start date: 01 August 2017

End date: 31 July 2018

GSE TOOL SUPPORT LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2018

Balance sheet
Notes

GSE TOOL SUPPORT LIMITED

Balance sheet

As at 31 July 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 175,521 125,685
Total fixed assets: 175,521 125,685
Current assets
Stocks: 125,500 116,468
Debtors:   303,349 212,685
Cash at bank and in hand: 509,725 734,099
Total current assets: 938,574 1,063,252
Creditors: amounts falling due within one year:   (258,729) (432,779)
Net current assets (liabilities): 679,845 630,473
Total assets less current liabilities: 855,366 756,158
Creditors: amounts falling due after more than one year:   (51,589) (18,334)
Provision for liabilities: (31,680) (15,840)
Total net assets (liabilities): 772,097 721,984
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 771,997 721,884
Shareholders funds: 772,097 721,984

The notes form part of these financial statements

GSE TOOL SUPPORT LIMITED

Balance sheet statements

For the year ending 31 July 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 April 2019
and signed on behalf of the board by:

Name: B Grewcock
Status: Director

The notes form part of these financial statements

GSE TOOL SUPPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Short leasehold property 33.3% straight linePlant and machinery 25% reducing balanceMotor vehicles 25% reducing balance

GSE TOOL SUPPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

2. Employees

2018 2017
Average number of employees during the period 15 6

GSE TOOL SUPPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

3. Tangible Assets

Total
Cost £
At 01 August 2017 172,579
Additions 160,018
Disposals (18,542)
At 31 July 2018 314,055
Depreciation
At 01 August 2017 46,894
Charge for year 96,276
On disposals (4,636)
At 31 July 2018 138,534
Net book value
At 31 July 2018 175,521
At 31 July 2017 125,685