GCC COMPONENTS LTD Filleted accounts for Companies House (small and micro)

GCC CONSTRUCTION SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06647941

GCC COMPONENTS LTD

Filleted Unaudited Financial Statements

31 July 2019

GCC COMPONENTS LTD

Statement of Financial Position

31 July 2019

	2019		2018
Note	£	£	£

Current assets

Debtors	4	100,330		100,330

Creditors: amounts falling due within one year	5	52,481		52,481
		---------		---------
Net current assets			47,849	47,849
			--------	--------
Total assets less current liabilities			47,849	47,849
			--------	--------
Net assets			47,849	47,849
			--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	47,749	47,749
	--------	--------
Shareholders funds	47,849	47,849
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 April 2020 , and are signed on behalf of the board by:

G S CHADHA
Director

Company registration number: 06647941

GCC COMPONENTS LTD

Notes to the Financial Statements

Year ended 31 July 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is FIRST FLOOR OFFICES, 736, UXBRIDGE ROAD, HAYES, UB4 0RU, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Debtors

	2019	2018
	£	£
Other debtors	100,330	100,330
	---------	---------

Directors current account has debit balance.

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Corporation tax	3,136	3,136
Other creditors	49,345	49,345
	--------	--------
	52,481	52,481
	--------	--------

6. Director's advances, credits and guarantees

Directors loan account relates to directors current account.

7. Related party transactions

The company was under the control of G S CHADHA throughout the current and previous year. G S CHADHA is the managing director holding 100% share capital in the company.