G.s. Gangar Ltd - Accounts to registrar (filleted) - small 18.2

G.s. Gangar Ltd - Accounts to registrar (filleted) - small 18.2

G.S. GANGAR LTD - Company Information

Print Friendly Version

IRIS Accounts Production v19.3.0.619 04677800 director 1.4.18 31.3.19 31.3.19 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure046778002018-03-31046778002019-03-31046778002018-04-012019-03-31046778002017-03-31046778002017-04-012018-03-31046778002018-03-3104677800ns14:PoundSterling2018-04-012019-03-3104677800ns10:Director12018-04-012019-03-3104677800ns10:PrivateLimitedCompanyLtd2018-04-012019-03-3104677800ns10:SmallEntities2018-04-012019-03-3104677800ns10:AuditExempt-NoAccountantsReport2018-04-012019-03-3104677800ns10:SmallCompaniesRegimeForDirectorsReport2018-04-012019-03-3104677800ns10:SmallCompaniesRegimeForAccounts2018-04-012019-03-3104677800ns10:FullAccounts2018-04-012019-03-310467780012018-04-012019-03-3104677800ns10:CompanySecretary12018-04-012019-03-3104677800ns10:RegisteredOffice2018-04-012019-03-3104677800ns5:CurrentFinancialInstruments2019-03-3104677800ns5:CurrentFinancialInstruments2018-03-3104677800ns5:Non-currentFinancialInstruments2019-03-3104677800ns5:Non-currentFinancialInstruments2018-03-3104677800ns5:ShareCapital2019-03-3104677800ns5:ShareCapital2018-03-3104677800ns5:RetainedEarningsAccumulatedLosses2019-03-3104677800ns5:RetainedEarningsAccumulatedLosses2018-03-3104677800ns5:NetGoodwill2018-04-012019-03-3104677800ns5:IntangibleAssetsOtherThanGoodwill2018-04-012019-03-3104677800ns5:PlantMachinery2018-04-012019-03-3104677800ns5:NetGoodwill2018-03-3104677800ns5:NetGoodwill2019-03-3104677800ns5:NetGoodwill2018-03-3104677800ns5:PlantMachinery2018-03-3104677800ns5:PlantMachinery2019-03-3104677800ns5:PlantMachinery2018-03-3104677800ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-03-3104677800ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-31


REGISTERED NUMBER: 04677800















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

G.S. GANGAR LTD
G.S. GANGAR LTD (REGISTERED NUMBER: 04677800)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.S. GANGAR LTD

COMPANY INFORMATION
for the Year Ended 31 March 2019







DIRECTOR: G Gangar





SECRETARY:





REGISTERED OFFICE: 81 Blackwood Rd
Streetlly
Sutton Coldfield
West Midlands
B74 3PW





REGISTERED NUMBER: 04677800





ACCOUNTANTS: D.J. Beer & Co
335 Jockey Road
Sutton Coldfield
West Midlands
B73 5XE
Page 1
G.S. GANGAR LTD (REGISTERED NUMBER: 04677800)

BALANCE SHEET
31 March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,010 10,497
Tangible assets 5 40,821 45,024
43,831 55,521

CURRENT ASSETS
Stocks 10,800 11,666
Debtors 6 3,192 567
Cash at bank 5,610 719
19,602 12,952
CREDITORS
Amounts falling due within one year 7 49,001 50,327
NET CURRENT LIABILITIES (29,399 ) (37,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
14,432
18,146

CREDITORS
Amounts falling due after more than one
year
8
11,064
18,093
NET ASSETS 3,368 53

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 3,361 46
SHAREHOLDERS' FUNDS 3,368 53

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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

Page 2 continued...
G.S. GANGAR LTD (REGISTERED NUMBER: 04677800)

BALANCE SHEET - continued
31 March 2019


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 6 November 2019 and were signed by:





G Gangar - Director


The notes form part of these financial statements

Page 3
G.S. GANGAR LTD (REGISTERED NUMBER: 04677800)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

G.s. Gangar Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

The company acquired a second business on 1st February 2007 for £15000. This will be amortised evenly over
its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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
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.

Page 4 continued...
G.S. GANGAR LTD (REGISTERED NUMBER: 04677800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2019

2. ACCOUNTING POLICIES - continued

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 3 (2018 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2018
and 31 March 2019 112,303
AMORTISATION
At 1 April 2018 101,806
Charge for year 7,487
At 31 March 2019 109,293
NET BOOK VALUE
At 31 March 2019 3,010
At 31 March 2018 10,497

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2018 204,648
Additions 3,000
At 31 March 2019 207,648
DEPRECIATION
At 1 April 2018 159,624
Charge for year 7,203
At 31 March 2019 166,827
NET BOOK VALUE
At 31 March 2019 40,821
At 31 March 2018 45,024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 3,192 567

Page 5 continued...
G.S. GANGAR LTD (REGISTERED NUMBER: 04677800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 6,000 17,926
Trade creditors 4,023 1,916
Taxation and social security 3,028 3,854
Other creditors 35,950 26,631
49,001 50,327

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 11,064 18,093

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 7,896

Page 6