Guaranteed Waterproofing Systems Ltd Filleted accounts for Companies House (small and micro)
Guaranteed Waterproofing Systems Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08189019
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FINANCIAL STATEMENTS |
YEAR ENDED 31 AUGUST 2021
CONTENTS |
PAGE |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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STATEMENT OF FINANCIAL POSITION |
2021 |
2020 |
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Note |
£ |
£ |
CURRENT ASSETS
Debtors |
6 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
8 |
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NET ASSETS |
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STATEMENT OF FINANCIAL POSITION (continued) |
2021 |
2020 |
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Note |
£ |
£ |
CAPITAL AND RESERVES
Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
– |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
27 May 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
08189019
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 AUGUST 2021
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Onega House, 112 Main Road, Sidcup, Kent, DA14 6NE, United Kingdom.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Taxation
Government grants
Financial instruments
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
5
(2020:
5
).
5.
TAX ON PROFIT
Major components of tax expense
2021 |
2020 |
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£ |
£ |
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Current tax:
UK current tax expense |
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Tax on profit |
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6.
DEBTORS
2021 |
2020 |
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£ |
£ |
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Other debtors |
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7.
CREDITORS:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
CREDITORS:
amounts falling due after more than one year
2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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9.
GOVERNMENT GRANTS
The amounts recognised in the financial statements for government grants are as follows:
2021 |
2020 |
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£ |
£ |
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Recognised in other operating income:
Government grants recognised directly in income |
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10.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
At 31 August 2021 the directors owed Guaranteed Waterproofing Systems Ltd £90,015 (2020: £69,335). There are no terms attached to the loans provided to the directors and they have been provided by the company interest free.