General Engine Management Systems Ltd - Accounts to registrar (filleted) - small 18.2
General Engine Management Systems Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020 |
| FOR |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD (REGISTERED NUMBER: 01920884) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants |
| 2 Station Road |
| Chertsey |
| Surrey |
| KT16 8BE |
| BANKERS: |
| Staines Group |
| PO Box 6 |
| Staines |
| Middlesex |
| TW18 4PS |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD (REGISTERED NUMBER: 01920884) |
| BALANCE SHEET |
| 30 JUNE 2020 |
| 30.6.20 | 30.6.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD (REGISTERED NUMBER: 01920884) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| 1. | STATUTORY INFORMATION |
| General Engine Management Systems Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Government grants |
| Grants are accounted for under the accruals model permitted by FRS102. The deferred element of grants is included in creditors as deferred income. |
| Grants of a revenue nature are recognised in the same period as the related expenditure. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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 |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD (REGISTERED NUMBER: 01920884) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor | Office |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2020 |
| DEPRECIATION |
| At 1 July 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 30 June 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Payments on account |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | EXCEPTIONAL EVENT |
| Following the outbreak of the COVID-19 virus pandemic, and its associated impact on the business sector in which the company operates, the following matters have arisen: |
| It has taken advantage of the Governments' Job Retention Scheme. This has enabled it to claim a grant to cover a significant proportion of its payroll costs during any period in which its employees have been furloughed. |
| It has taken necessary steps to minimise its fixed operating costs and to take advantage of any other government-backed financial assistance, where it has been practicable to do so. |
| Where applicable, any material financial adjustments arising from the above matters have been reflected in these accounts. |