GAP CONTAINER SERVICES LIMITED

GAP CONTAINER SERVICES LIMITED

GAP CONTAINER SERVICES LIMITED - Company Information

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GAP CONTAINER SERVICES LIMITED

Company Registration Number:
04672111 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2021

Period of accounts

Start date: 29 February 2020

End date: 28 February 2021

GAP CONTAINER SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2021

Balance sheet
Notes

GAP CONTAINER SERVICES LIMITED

Balance sheet

As at 28 February 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 694,962 660,166
Investments: 4 100,000 100,000
Total fixed assets: 794,962 760,166
Current assets
Stocks: 486,302 637,004
Debtors: 5 1,049,385 568,117
Cash at bank and in hand: 65,832 68,146
Total current assets: 1,601,519 1,273,267
Creditors: amounts falling due within one year: 6 (1,477,027) (1,196,972)
Net current assets (liabilities): 124,492 76,295
Total assets less current liabilities: 919,454 836,461
Creditors: amounts falling due after more than one year: 7 (541,207) (420,374)
Total net assets (liabilities): 378,247 416,087
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 378,147 415,987
Shareholders funds: 378,247 416,087

The notes form part of these financial statements

GAP CONTAINER SERVICES LIMITED

Balance sheet statements

For the year ending 28 February 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 November 2021
and signed on behalf of the board by:

Name: G Eglinton
Status: Director

The notes form part of these financial statements

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

2. Employees

2021 2020
Average number of employees during the period 18 10

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

3. Tangible Assets

Total
Cost £
At 29 February 2020 1,220,754
Additions 569,359
Disposals (573,818)
At 28 February 2021 1,216,295
Depreciation
At 29 February 2020 560,588
Charge for year 179,235
On disposals (218,490)
At 28 February 2021 521,333
Net book value
At 28 February 2021 694,962
At 28 February 2020 660,166

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

4. Fixed investments

Interest in associate £60,000Other investments £40,000

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

5. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

6. Creditors: amounts falling due within one year note

Bank loan £5833Other loans £55628HP contracts £96627Trade creditors £948368Corporation tax £3611Social security and other taxes £10501VAT £179533Other creditors £10786Accruals £166140

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

7. Creditors: amounts falling due after more than one year note

Bank loan 1-2 years £10000Bank loan £2-5 years £34167Other loans £131828HP contracts £365212

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2021

8. Loans to directors

Name of director receiving advance or credit: GP Eglinton
Description of the loan: Loan to cover personal expenses
£
Balance at 29 February 2020 31,175
Advances or credits made: 18,172
Advances or credits repaid: 18,625
Balance at 28 February 2021 30,722
Name of director receiving advance or credit: J Eglinton
Description of the loan: Loan to purchase car
£
Balance at 29 February 2020 6,511
Advances or credits made: 860
Advances or credits repaid: 3,120
Balance at 28 February 2021 4,251