Gatwick Park Mechanical Services Limited 31/10/2018 iXBRL
Gatwick Park Mechanical Services Limited 31/10/2018 iXBRL
Statement of consent to prepare abridged financial statements
Company registration number:
01501619
Unaudited filleted abridged financial statements
Contents
Abridged statement of financial position
Notes to the financial statements
Abridged statement of financial position
31 October 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
All of the members of Gatwick Park Mechanical Services Limited have consented to the preparation of the abridged income statement and the abridged statement of financial position for the current year ending 31 October 2018 in accordance with Section 444(2A) of the Companies Act 2006.
In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
14 June 2019
, and are signed on behalf of the board by:
Director
Company registration number:
01501619
Notes to the financial statements
Year ended 31 October 2018
1.
General information
The company is a private company limited by shares, registered in Englad and Wales. The address of the registered office is Unit 22, Graylands Estate, Langhurstwood Road, Horsham, West Sussex, RH12 4QD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
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.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Lease payments are recognised as an expense over the lease term on a straight- line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Depreciation
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:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Defined contribution plans
4.
Tangible assets
£ | ||
Cost | ||
At 1 November 2017 |
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Additions | 147 | |
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At 31 October 2018 |
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Depreciation | ||
At 1 November 2017 |
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Charge for the year |
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At 31 October 2018 |
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Carrying amount | ||
At 31 October 2018 |
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At 31 October 2017 |
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