Gillingham Engineering Company Limited - Accounts to registrar (filleted) - small 18.2

Gillingham Engineering Company Limited - Accounts to registrar (filleted) - small 18.2

GILLINGHAM ENGINEERING COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 07623857 (England and Wales)















GILLINGHAM ENGINEERING COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018














GILLINGHAM ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 07623857)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2018










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GILLINGHAM ENGINEERING COMPANY LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2018







DIRECTORS: F H Shaw
V W Nicholls





SECRETARY: L E LaMoury





REGISTERED OFFICE: Hilden Park House
79 Tonbridge Road
Hildenborough
Kent
TN11 9BH





REGISTERED NUMBER: 07623857 (England and Wales)





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GILLINGHAM ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 07623857)

ABRIDGED BALANCE SHEET
31 December 2018

31/12/18 31/12/17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 505,500 505,500
Investments 5 17,550 17,550
523,050 523,050

CURRENT ASSETS
Debtors 160,199 104,123
Cash at bank 15,983 32,046
176,182 136,169
CREDITORS
Amounts falling due within one year 222,433 140,674
NET CURRENT LIABILITIES (46,251 ) (4,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
476,799
518,545

CREDITORS
Amounts falling due after more than one
year
-
107,001
NET ASSETS 476,799 411,544

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 426,799 361,544
SHAREHOLDERS' FUNDS 476,799 411,544

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 notes form part of these financial statements

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GILLINGHAM ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 07623857)

ABRIDGED BALANCE SHEET - continued
31 December 2018


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 September 2019 and were signed on its behalf
by:





V W Nicholls - Director


The notes form part of these financial statements

Page 3
GILLINGHAM ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 07623857)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2018


1. STATUTORY INFORMATION

Gillingham Engineering Company Limited 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 the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of
tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet
date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured using tax
rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to
the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 3 ) .

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GILLINGHAM ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 07623857)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2018


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018
and 31 December 2018 604,187
DEPRECIATION
At 1 January 2018
and 31 December 2018 98,687
NET BOOK VALUE
At 31 December 2018 505,500
At 31 December 2017 505,500

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2018
and 31 December 2018 17,550
NET BOOK VALUE
At 31 December 2018 17,550
At 31 December 2017 17,550

6. CONTROL

Gillingham Engineering Company Limited is under the control of Mr F H Shaw who owns 80% of the share
capital.

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