GARBZ 1981 LIMITED - Accounts

GARBZ 1981 LIMITED - Accounts

GARBZ 1981 LIMITED - Company Information

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Registered Number: 11806174
England and Wales

 

 

 

GARBZ 1981 LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2021

End date: 28 February 2022

GARBZ 1981 LIMITED
Contents Page
For the year ended 28 February 2022
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GARBZ 1981 LIMITED for the year ended 28 February 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GARBZ 1981 LIMITED for the year ended 28 February 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of GARBZ 1981 LIMITED , as a body, in accordance with the terms of our engagement letter dated 28 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of GARBZ 1981 LIMITED and state those matters that we have agreed to state to the Board of Directors of GARBZ 1981 LIMITED , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GARBZ 1981 LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GARBZ 1981 LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GARBZ 1981 LIMITED . You consider that GARBZ 1981 LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GARBZ 1981 LIMITED . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
28 February 2022



....................................................
PHS Associates Acc & Co
223 St. Albans Road
Watford
England
WD24 5BH
28 November 2022
1
 
 		 Notes
 		 2022
£		   2021
£
Current assets      
Debtors 7,963    189 
Cash at bank and in hand 2,189    1,454 
10,152    1,643 
Creditors: amount falling due within one year (1,700)   0 
Net current assets 8,452    1,643 
 
Total assets less current liabilities 8,452    1,643 
Net assets 8,452    1,643 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 8,352    1,543 
Shareholder's funds 8,452    1,643 
 


For the year ended 28 February 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 28 November 2022 and were signed by:


--------------------------------
Farah Gonzaga GARBANZOS
Director
2
General Information
GARBZ 1981 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11806174, registration address Apartment 207, 8 Walworth Road, London, SE1 6EE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
2.

Average number of employees

Average number of employees during the year was 0 (2021 : 0).
3.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

3