Company Registration No. 3927194 (England and Wales)
Gulf Utilities Company Limited
Unaudited accounts
for the year ended 31 March 2019
Gulf Utilities Company Limited
Unaudited accounts
Contents
Gulf Utilities Company Limited
Company Information
for the year ended 31 March 2019
Company Number
3927194 (England and Wales)
Registered Office
64 Tyldesley Road
Blackpool
Lancashire
FY1 5DF
Gulf Utilities Company Limited
Statement of financial position
as at 31 March 2019
Cash at bank and in hand
94
94
Creditors: amounts falling due within one year
(15,379)
(15,379)
Net current liabilities
(15,285)
(15,285)
Net liabilities
(15,285)
(15,285)
Called up share capital
12,703,800
12,703,800
Profit and loss account
(12,719,085)
(12,719,085)
Shareholders' funds
(15,285)
(15,285)
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 August 2019.
S Zayat
Director
Company Registration No. 3927194
Gulf Utilities Company Limited
Notes to the Accounts
for the year ended 31 March 2019
Gulf Utilities Company Limited is a private company, limited by shares, registered in England and Wales, registration number 3927194. The registered office is 64 Tyldesley Road, Blackpool, Lancashire, FY1 5DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Fundamental Accounting Concept
The company is in the initial stages of developing a project for the transportation of water by pipeline from Iran to Kuwait and will incur losses until the project reaches final closure. Until that time, the company is dependant on funding and continued financial support from it's shareholders.
Due to a reduction in funding currently available the company has placed itself in a dormant state.
4
Creditors: amounts falling due within one year
2019
2018
Other creditors
15,379
15,379
Allotted, called up and fully paid:
11,591,300 Ordinary shares of £1 each
11,591,300
11,591,300
1,112,500 `A` Preferred shares of £1 each
1,112,500
1,112,500
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Average number of employees
During the year the average number of employees was 0 (2018: 0).
