Gayways Limited Filleted accounts for Companies House (small and micro)
Gayways Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06588030
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Abridged Financial Statements |
Year ended 31 May 2020
Contents |
Page |
Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements |
1 |
Abridged statement of financial position |
2 |
Notes to the abridged financial statements |
4 |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year ended 31 May 2020
151 Askew Road
London
W12 9AU
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Abridged Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
– |
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Cash at bank and in hand |
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--------- |
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Creditors: amounts falling due within one year |
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--------- |
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Net current assets/(liabilities) |
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(
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-------- |
-------- |
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Total assets less current liabilities |
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-------- |
------- |
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Net assets |
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-------- |
------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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-------- |
------- |
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Shareholders funds |
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-------- |
------- |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
28 May 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06588030
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Notes to the Abridged Financial Statements |
Year ended 31 May 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 213-217 Watford Road, Harrow, Middlesex, HA1 3UA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Taxation
Foreign currencies
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery |
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Motor Vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
Stocks
Government grants
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2019:
3
).
5.
Tangible assets
£ |
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Cost |
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At 1 June 2019 |
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Additions |
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-------- |
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At 31 May 2020 |
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Depreciation |
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At 1 June 2019 |
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Charge for the year |
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-------- |
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At 31 May 2020 |
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-------- |
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Carrying amount |
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At 31 May 2020 |
9,699 |
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At 31 May 2019 |
11,724 |
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6.
Director's advances, credits and guarantees
At the year end the company owed Mr S R Parmar £136,355 (2019: £238,125).
7.
Related party transactions
The company was under the control of Mr S R Parmar throughout the current and previous year. Mr S R Parmar is the managing director and majority shareholder. During the year company paid Mr S R Parmar £2,000 (2019: £2,000) , Mr R Parmar £2,000 (2019: £2,000) & Mr A Parmar 2,000 (2019: £2,000) in dividends.