GPG Accounting Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04560307 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

GPG ACCOUNTING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Gilboy

A P Gilboy

REGISTERED OFFICE:

5 Granville Court

Off Granville Mount

Otley

West Yorkshire

LS21 3PB

REGISTERED NUMBER:

04560307 (England and Wales)

ACCOUNTANTS:

GPG Accounting Services Ltd

5 Granville Court

Off Granville Mount

Otley

West Yorkshire

LS21 3PB

FIXED ASSETS

Intangible assets

4

5,757

8,272

Tangible assets

5

1,141

1,366

6,898

9,638

CURRENT ASSETS

Stocks

-

1,000

Debtors

6

1,380

610

Cash at bank

3

3

1,383

1,613

CREDITORS

Amounts falling due within one year

7

7,375

7,785

NET CURRENT LIABILITIES

(5,992

)

(6,172

)

TOTAL ASSETS LESS CURRENT LIABILITIES

906

3,466

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

806

3,366

SHAREHOLDERS' FUNDS

906

3,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 30 November 2020 and were signed on its behalf by:

G Gilboy - Director

1.	STATUTORY INFORMATION

GPG Accounting Services Limited is a private company, limited by shares , registered in England and Wales.

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 2010, is being amortised evenly over its estimated useful life of ten 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

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2018

and 30 November 2019

25,150

AMORTISATION

At 1 December 2018

16,878

Charge for year

2,515

At 30 November 2019

19,393

NET BOOK VALUE

At 30 November 2019

5,757

At 30 November 2018

8,272

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

8,102

Additions

155

At 30 November 2019

8,257

DEPRECIATION

At 1 December 2018

6,736

Charge for year

380

At 30 November 2019

7,116

NET BOOK VALUE

At 30 November 2019

1,141

At 30 November 2018

1,366

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

1,380

610

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Bank loans and overdrafts

2,065

1,502

Taxation and social security

3,024

5,624

Other creditors

2,286

659

7,375

7,785