Company Registration No. 07426931 (England and Wales)
Gilberts Lane Management Company Limited
Unaudited accounts
for the year ended 31 December 2018
Gilberts Lane Management Company Limited
Unaudited accounts
Contents
Gilberts Lane Management Company Limited
Company Information
for the year ended 31 December 2018
Directors
J P Happe
B P Jezzard
Company Number
07426931 (England and Wales)
Registered Office
UNIT 7, THE GLENMORE CENTRE
DOWNSVIEW ROAD
WANTAGE
OX12 9GN
ENGLAND
Gilberts Lane Management Company Limited
Statement of financial position
as at 31 December 2018
Cash at bank and in hand
4,524
6,971
Creditors: amounts falling due within one year
(2,549)
(6,098)
Net current assets
1,625
523
Called up share capital
2
2
Profit and loss account
1,623
521
Shareholders' funds
1,625
523
For the year ending 31 December 2018 the company was entitled to exemption from audit 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.
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 11 February 2019.
B P Jezzard
Director
Company Registration No. 07426931
Gilberts Lane Management Company Limited
Notes to the Accounts
for the year ended 31 December 2018
Gilberts Lane Management Company Limited is a private company, limited by shares, registered in England and Wales, registration number 07426931. The registered office is UNIT 7, THE GLENMORE CENTRE, DOWNSVIEW ROAD, WANTAGE, OX12 9GN, ENGLAND.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Accrued income and prepayments
(350)
(350)
5
Creditors: amounts falling due within one year
2018
2017
Trade creditors
1,520
5,151
Loans from directors
329
329
6
Average number of employees
During the year the average number of employees was 0 (2017: 0).
