Abbreviated Company Accounts - GPS TELECOMS LTD

Registered Number 05504774

GPS TELECOMS LTD

Abbreviated Accounts

31 March 2014

GPS TELECOMS LTD Registered Number 05504774

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	507	1,812
		507	1,812
Current assets
Debtors		422,496	464,350
Cash at bank and in hand		117	35
		422,613	464,385
Creditors: amounts falling due within one year		(411,791)	(534,115)
Net current assets (liabilities)		10,822	(69,730)
Total assets less current liabilities		11,329	(67,918)
Creditors: amounts falling due after more than one year		-	(7,195)
Total net assets (liabilities)		11,329	(75,113)
Capital and reserves
Called up share capital		5,000	5,000
Share premium account		32,000	32,000
Profit and loss account		(25,671)	(112,113)
Shareholders' funds		11,329	(75,113)

For the year ending 31 March 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 March 2015

And signed on their behalf by:
D Godwin, Director

GPS TELECOMS LTD Registered Number 05504774

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work done in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives;

Plant and Machinery - 20% Straight Line
Motor Vehicles - 25% Straight Line

2Tangible fixed assets

	£
Cost
At 1 April 2013	40,823
Additions	1,400
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	42,223
Depreciation
At 1 April 2013	39,011
Charge for the year	2,705
On disposals	-
At 31 March 2014	41,716
Net book values
At 31 March 2014	507
At 31 March 2013	1,812