Gas Services Hove Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08535220 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

Gas Services Hove Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Marr

REGISTERED OFFICE:

10 Drive Lodge

68-70 The Drive

Hove

East Sussex

BN3 3PS

REGISTERED NUMBER:

08535220 (England and Wales)

ACCOUNTANTS:

Ghiaci Goodhand Smith Limited

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

FIXED ASSETS

Tangible assets

2

8,738

9,974

CURRENT ASSETS

Debtors

1,632

5,235

Cash at bank and in hand

12,151

1,807

13,783

7,042

CREDITORS

Amounts falling due within one year

12,054

4,547

NET CURRENT ASSETS

1,729

2,495

TOTAL ASSETS LESS CURRENT LIABILITIES

10,467

12,469

CREDITORS

Amounts falling due after more than one year

(12,369

)

(9,991

)

PROVISIONS FOR LIABILITIES

(1,748

)

(1,955

)

NET (LIABILITIES)/ASSETS

(3,650

)

523

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

(3,660

)

513

SHAREHOLDERS' FUNDS

(3,650

)

523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 11 September 2015 and were signed by:

A Marr - 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 services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their estimated

useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

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

line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

12,707

Additions

11,651

Disposals

(12,707

)

At 31 May 2015

11,651

DEPRECIATION

At 1 June 2014

2,733

Charge for year

2,913

Eliminated on disposal

(2,733

)

At 31 May 2015

2,913

NET BOOK VALUE

At 31 May 2015

8,738

At 31 May 2014

9,974

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

10

Ordinary

£1

10

10

4.	CONTROLLING PARTY

The company is controlled by its director, A Marr, by virtue of his ownership of 100% of the

issued share capital.

5.	UNLAWFUL DISTRIBUTION

Dividends paid in the year exceed distributable reserves by £3,660. The consequences of

this are that the director may be liable to repay the over-distribution to the company. No

such repayment has been made.