G. T. Motors Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06437093 (England and Wales)

G. T. MOTORS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Singh

Mrs S Kaur

REGISTERED OFFICE:

Nairn House

1174 Stratford Road

Hall Green

Birmingham

B28 8AQ

REGISTERED NUMBER:

06437093 (England and Wales)

ACCOUNTANTS:

Angel Accounting Ltd

Nairn House

1174 Stratford Road

Hall Green

Birmingham

B28 8AQ

FIXED ASSETS

Tangible assets

2

174,739

175,918

CURRENT ASSETS

Cash at bank and in hand

68,621

38,081

CREDITORS

Amounts falling due within one year

3

95,020

31,751

NET CURRENT (LIABILITIES)/ASSETS

(26,399

)

6,330

TOTAL ASSETS LESS CURRENT LIABILITIES

148,340

182,248

CREDITORS

Amounts falling due after more than one year

3

(63,102

)

(134,117

)

PROVISIONS FOR LIABILITIES

(323

)

-

NET ASSETS

84,915

48,131

CAPITAL AND RESERVES

Called up share capital

4

100

100

Share premium

10,000

10,000

Profit and loss account

74,815

38,031

SHAREHOLDERS' FUNDS

84,915

48,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28th August 2014 and were signed on its behalf by:

J Singh - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2012

188,300

Additions

2,800

At 30th November 2013

191,100

DEPRECIATION

At 1st December 2012

12,382

Charge for year

3,979

At 30th November 2013

16,361

NET BOOK VALUE

At 30th November 2013

174,739

At 30th November 2012

175,918

3.

CREDITORS

Creditors include an amount of £ 77,241 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

1

100

100