Go Alloy Distribution Limited,Ltd - AccountsLtd - Accounts

Go Alloy Distribution Limited,Ltd - AccountsLtd - Accounts

GO ALLOY DISTRIBUTION LIMITED - Company Information

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2018-10-01 04567821 2019-09-30 04567821 2018-10-01 2019-09-30 04567821 2018-09-30 04567821 2017-10-01 2018-09-30 04567821 uk-core:WithinOneYear 2018-09-30 04567821 uk-core:WithinOneYear 2019-09-30 04567821 uk-core:ShareCapital 2019-09-30 04567821 uk-core:ShareCapital 2018-09-30 04567821 uk-core:RetainedEarningsAccumulatedLosses 2019-09-30 04567821 uk-core:RetainedEarningsAccumulatedLosses 2018-09-30 04567821 uk-bus:Director1 2018-10-01 2019-09-30 04567821 uk-core:PlantMachinery 2018-10-01 2019-09-30 04567821 uk-core:Vehicles 2018-10-01 2019-09-30 04567821 uk-core:Vehicles 2018-09-30 04567821 uk-core:PlantMachinery 2018-09-30 04567821 uk-core:PlantMachinery 2019-09-30 04567821 uk-core:Vehicles 2019-09-30 iso4217:GBP 04567821 uk-bus:AuditExemptWithAccountantsReport 2018-10-01 2019-09-30 04567821 uk-bus:FRS102 2018-10-01 2019-09-30 04567821 uk-bus:FullAccounts 2018-10-01 2019-09-30 04567821 uk-bus:PrivateLimitedCompanyLtd 2018-10-01 2019-09-30
Go Alloy Distribution Limited
Registered Number:04567821
For the year ended 30 September 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2019
Go Alloy Distribution Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 September 2019
Go Alloy Distribution Limited
Statement of Financial Position
Registered Number :
04567821
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
21,142
360
2
21,142
360
Current assets
Inventories
96,079
62,583
3
Trade and other receivables
161,942
222,557
4
5,860
Cash and cash equivalents
28,331
313,471
263,881
Trade and other payables: amounts falling due within one
year
(76,835)
(110,743)
5
187,046
202,728
Net current assets
Total assets less current liabilities
223,870
187,406
(4,017)
-
Provisions for liabilities
219,853
Net assets
187,406
Capital and reserves
Called up share capital
10
10
Retained earnings
219,843
187,396
219,853
187,406
Shareholders' funds
For the year ended 30 September 2019 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 of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
I Goad Director
These financial statements were approved and authorised for issue by the Board on 14 November 2019 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2019
Go Alloy Distribution Limited
Notes to the Financial Statements
Statutory Information
Go Alloy Distribution Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04567821.
Registered address:
Unit 10B, East Park Trading Estate
Gordon Rd
Whitehall
Bristol
BS5 7DR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and equipment
20% Straight line
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 30 September 2019
Go Alloy Distribution Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
equipment
£
£
£
Cost or
valuation
At 01 October 2018
25,274
15,838
9,436
23,064
23,064
-
Additions
(15,838)
-
Disposals
(15,838)
At 30 September 2019
9,436
23,064
32,500
Provision for depreciation and impairment
At 01 October 2018
24,914
15,478
9,436
Charge for year
1,922
1,922
-
(15,478)
(15,478)
-
On disposal
At 30 September 2019
11,358
1,922
9,436
At 30 September 2019
Net book value
-
21,142
21,142
At 30 September 2018
-
360
360
3. Inventories
2018
2019
£
£
Stocks
62,583
96,079
4. Trade and other receivables
2018
2019
£
£
Trade debtors
217,811
158,460
Other debtors
4,746
3,482
161,942
222,557
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
85,799
46,118
Taxation and social security
19,304
27,563
Other creditors
5,640
3,154
110,743
76,835
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