G T Partners Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03690487 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

G T Partners Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C G White

N P White

SECRETARY:

C G White

REGISTERED OFFICE:

Hollybank Cottage

Woodhouses

Yoxall

Burton-on-Trent

Staffordshire

DE13 8NR

REGISTERED NUMBER:

03690487 (England and Wales)

ACCOUNTANTS:

Bourne & Co

Chartered Accountants

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Tangible assets

4

43,743

56,484

CURRENT ASSETS

Debtors

5

10,513

10,324

Cash at bank and in hand

97,069

91,063

107,582

101,387

CREDITORS

Amounts falling due within one year

6

30,219

23,946

NET CURRENT ASSETS

77,363

77,441

TOTAL ASSETS LESS CURRENT LIABILITIES

121,106

133,925

CREDITORS

Amounts falling due after more than one year

7

(2,094

)

(6,937

)

PROVISIONS FOR LIABILITIES

(8,311

)

(10,732

)

NET ASSETS

110,701

116,256

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

110,691

116,246

SHAREHOLDERS' FUNDS

110,701

116,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 31 May 2019 and were signed on its behalf by:

C G White - Director

1.	STATUTORY INFORMATION

G T Partners Ltd. 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 fair value of the consideration received or receivable, excluding value

added tax.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation is provided

at the following annual rates in order to write off each asset over its estimated useful life.

Artwork - 10% on cost

Fixtures and fittings - 15% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 20% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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.

Debtors and creditors

Short term debtors are measured at transaction price less any impairment. Any losses arising from

impairment are recognised in profit or loss.

Short term creditors are measured at transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Artwork

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

107,822

15,981

28,395

5,055

157,253

Additions

2,269

-

-

-

2,269

At 31 December 2018

110,091

15,981

28,395

5,055

159,522

DEPRECIATION

At 1 January 2018

84,464

6,783

5,503

4,019

100,769

Charge for year

7,478

1,368

5,722

442

15,010

At 31 December 2018

91,942

8,151

11,225

4,461

115,779

NET BOOK VALUE

At 31 December 2018

18,149

7,830

17,170

594

43,743

At 31 December 2017

23,358

9,198

22,892

1,036

56,484

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2018

and 31 December 2018

25,244

DEPRECIATION

At 1 January 2018

3,681

Charge for year

5,390

At 31 December 2018

9,071

NET BOOK VALUE

At 31 December 2018

16,173

At 31 December 2017

21,563

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

3,047

4,130

Other debtors

4,500

4,500

Prepayments

2,966

1,694

10,513

10,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts (see note 8)

4,843

4,585

Trade creditors

1,150

1,150

Tax

7,482

1,303

Other taxes and social security

8,164

3,671

Accruals and deferred income

8,580

13,237

30,219

23,946

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts (see note 8)

2,094

6,937

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.18

31.12.17

£

£

Gross obligations repayable:

Within one year

5,090

5,090

Between one and five years

2,121

7,211

7,211

12,301

Finance charges repayable:

Within one year

247

505

Between one and five years

27

274

274

779

Net obligations repayable:

Within one year

4,843

4,585

Between one and five years

2,094

6,937

6,937

11,522

Non-cancellable

operating leases

31.12.18

31.12.17

£

£

Within one year

22,000

22,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.18

31.12.17

£

£

Hire purchase contracts

6,937

11,522

10.	RELATED PARTY DISCLOSURES