GAC Rail Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07184897 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2021

FOR

GAC RAIL LTD

Page

Company Information

1

Balance Sheet

2

DIRECTORS:

W C Griffiths

S J Lord

P Cooke

REGISTERED OFFICE:

188 Walton Summit Centre

Bamber Bridge

Preston

PR5 8AJ

REGISTERED NUMBER:

07184897 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

CURRENT ASSETS

325,513

276,007

CREDITORS

Amounts falling due within one year

(332,774

)

(224,223

)

NET CURRENT (LIABILITIES)/ASSETS

(7,261

)

51,784

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,261

)

51,784

CREDITORS

Amounts falling due after more than one year

78,333

100,000

NET LIABILITIES

(85,594

)

(48,216

)

CAPITAL AND RESERVES

(85,594

)

(48,216

)

NOTES TO THE FINANCIAL STATEMENTS

1.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2020 - 4 ) .

2.	OTHER FINANCIAL COMMITMENTS

Minimum lease payments under non-cancellable operating leases fall as follows:

2021

2020

£

£

Within one year

-

1,750

Between one and five years

-

-

-

1,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2022 and were signed on its behalf by:

W C Griffiths - Director