GPD_INSTALLATION_SERVICES - Accounts

GPD INSTALLATION SERVICES LIMITED - Company Information

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Company Registration No. 06057875 (England and Wales)

GPD INSTALLATION SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2015

GPD INSTALLATION SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

GPD INSTALLATION SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

1,210

1,710

Tangible assets

8,654

10,478

9,864

12,188

Current assets

Debtors

6,438

17,087

Cash at bank and in hand

7,621

5,930

14,059

23,017

Creditors: amounts falling due within one year

(17,208)

(21,435)

Net current (liabilities)/assets

(3,149)

1,582

Total assets less current liabilities

6,715

13,770

Creditors: amounts falling due after more than one year

(813)

(3,660)

Provisions for liabilities

(1,731)

(2,096)

4,171

8,014

Capital and reserves

Called up share capital

1,000

Profit and loss account

3,171

7,014

Shareholders' funds

4,171

8,014

GPD INSTALLATION SERVICES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JANUARY 2015

- 2 -

For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 April 2015

Mrs Deborah Dowd

Director

Company Registration No. 06057875

GPD INSTALLATION SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on the going concern basis. The directors are of the opinion that they will be able to provide sufficient funding to allow the company to continue trading until profitability improves.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

25% reducing balance

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

GPD INSTALLATION SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 February 2014

5,000

20,261

25,261

Additions

374

At 31 January 2015

5,000

20,635

25,635

Depreciation

At 1 February 2014

3,290

9,783

13,073

Charge for the year

500

2,198

2,698

At 31 January 2015

3,790

11,981

15,771

Net book value

At 31 January 2015

1,210

8,654

9,864

At 31 January 2014

1,710

10,478

12,188

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £2,848 (2014 - £2,848).

The hire purchase liability is secured on the asset financed.

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000