GPR Wessex Limited,Ltd - Accounts

GPR Wessex Limited,Ltd - Accounts

GPR WESSEX LIMITED - Company Information

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2013-08-01 true false Private Limited Company 05514665 2014-07-31 05514665 2013-08-01 2014-07-31 05514665 2013-07-31 05514665 2012-08-01 2013-07-31 05514665 uk-bus:Director1 2013-08-01 2014-07-31 05514665 uk-bus:Director2 2013-08-01 2014-07-31 05514665 uk-gaap:PlantMachinery 2013-08-01 2014-07-31 05514665 uk-gaap:FixturesFittings 2013-08-01 2014-07-31 05514665 uk-gaap:WithinOneYear 2014-07-31 05514665 uk-gaap:WithinOneYear 2013-07-31 05514665 uk-gaap:AfterOneYear 2014-07-31 05514665 uk-gaap:AfterOneYear 2013-07-31 05514665 uk-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP
GPR Wessex Limited
For the year ended 31 July 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05514665
2
Contents Page
GPR Wessex Limited
For the year ended 31 July 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
GPR Wessex Limited
As at 31 July 2014
05514665
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
307,385
309,500
307,385
309,500
Current assets
Debtors
10,350
6,896
Cash at bank and in hand
18,483
41,397
25,379
51,747
Creditors: amounts falling due within one year
3
(225,087)
(191,697)
(173,340)
(166,318)
Net current liabilities
Total assets less current liabilities
141,067
136,160
Creditors: amounts falling due after more than one year
4
(120,776)
(106,010)
(783)
(1,140)
Provisions for liabilities
34,274
Net assets
14,244
Capital and reserves
Called up share capital
420
5
420
Profit and loss account
33,854
13,824
34,274
14,244
Shareholders funds
For the year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 28 April 2015
G Park Director
Signed on behalf of the board of directors
R Jones Director
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4
Notes to the Abbreviated Financial Statements
GPR Wessex Limited
For the year ended 31 July 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of sales, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Tangible fixed assets
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 Machinery
25 Straight line
Fixtures and Fittings
25 Straight line
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives
are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The
directors undertake an annual impairment review of these properties.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
322,425
At 01 August 2013
At 31 July 2014
322,425
Depreciation
12,925
At 01 August 2013
2,115
Charge for year
15,040
At 31 July 2014
Net book values
At 31 July 2014
307,385
309,500
At 31 July 2013
2 of 3
5
Notes to the Abbreviated Financial Statements
GPR Wessex Limited
For the year ended 31 July 2014
2014
3 Creditors: amounts falling due within one year
£
£
2013
15,000
15,000
Bank loans and overdrafts (secured)
2013
2014
4 Creditors due after more than one year
£
£
106,010
120,776
Bank loans and overdrafts (secured)
5 Share capital
Allotted called up and fully paid
2014
2013
£
£
420 Ordinary shares of £1.00 each
420
420
420
420
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