GT HERITAGE LIMITED

GT HERITAGE LIMITED

GT HERITAGE LIMITED - Company Information

Print Friendly Version

GT HERITAGE LIMITED

Company Registration Number:
10279919 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2019

Period of accounts

Start date: 01 August 2018

End date: 31 July 2019

GT HERITAGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2019

Balance sheet
Notes

GT HERITAGE LIMITED

Balance sheet

As at 31 July 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 239,481 283,948
Total fixed assets: 239,481 283,948
Current assets
Stocks: 1,090,203 674,288
Debtors:   44,982 57,767
Cash at bank and in hand: 61,733 75,911
Total current assets: 1,196,918 807,966
Creditors: amounts falling due within one year:   (1,405,106) (1,077,672)
Net current assets (liabilities): (208,188) (269,706)
Total assets less current liabilities: 31,293 14,242
Total net assets (liabilities): 31,293 14,242
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 31,283 14,232
Shareholders funds: 31,293 14,242

The notes form part of these financial statements

GT HERITAGE LIMITED

Balance sheet statements

For the year ending 31 July 2019 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 March 2020
and signed on behalf of the board by:

Name: J Sanders
Status: Director

The notes form part of these financial statements

GT HERITAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GT HERITAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

2. Employees

2019 2018
Average number of employees during the period 4 4

GT HERITAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

3. Tangible Assets

Total
Cost £
At 01 August 2018 320,541
Additions 61,674
Disposals (84,352)
At 31 July 2019 297,863
Depreciation
At 01 August 2018 36,593
Charge for year 34,465
On disposals (12,676)
At 31 July 2019 58,382
Net book value
At 31 July 2019 239,481
At 31 July 2018 283,948

GT HERITAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2019

4. Related party transactions

Name of the related party: J Sanders
Relationship:
Director
Description of the Transaction: Loan of cash to the business
£
Balance at 01 August 2018 697,873
Balance at 31 July 2019 1,011,024
Name of the related party: A Clements
Relationship:
Director
Description of the Transaction: Repayment of previous cash loans made to the business
£
Balance at 01 August 2018 21,267
Balance at 31 July 2019 6,259