Godfrey Maintenance Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08799465 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2021

FOR

GODFREY MAINTENANCE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C E Godfrey

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

08799465 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Tangible assets

4

4,792

6,390

CURRENT ASSETS

Debtors

5

7,532

970

Cash at bank

4,207

2,667

11,739

3,637

CREDITORS

Amounts falling due within one year

6

6,885

5,218

NET CURRENT ASSETS/(LIABILITIES)

4,854

(1,581

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,646

4,809

CREDITORS

Amounts falling due after more than one year

7

9,308

4,704

NET ASSETS

338

105

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

9

337

104

SHAREHOLDERS' FUNDS

338

105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2021 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2021 and were signed by:

C E Godfrey - Director

1.	STATUTORY INFORMATION

Godfrey Maintenance Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 6 April 2020

and 5 April 2021

8,520

DEPRECIATION

At 6 April 2020

2,130

Charge for year

1,598

At 5 April 2021

3,728

NET BOOK VALUE

At 5 April 2021

4,792

At 5 April 2020

6,390

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 6 April 2020

and 5 April 2021

8,520

DEPRECIATION

At 6 April 2020

2,130

Charge for year

1,598

At 5 April 2021

3,728

NET BOOK VALUE

At 5 April 2021

4,792

At 5 April 2020

6,390

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

354

-

Director's current account

7,178

970

7,532

970

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Hire purchase contracts

1,369

1,377

Trade creditors

-

393

Tax

3,627

1,306

Social security and other taxes

714

774

Accrued expenses

1,175

1,368

6,885

5,218

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loan

6,000

-

Hire purchase contracts

3,308

4,704

9,308

4,704

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Hire purchase contracts

4,677

6,081

The hire purchase liability is secured against the asset to which it relates.

9.

RESERVES

Retained

earnings

£

At 6 April 2020

104

Profit for the year

13,733

Dividends

(13,500

)

At 5 April 2021

337

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2021 and 5 April 2020:

2021

2020

£

£

C E Godfrey

Balance outstanding at start of year

970

-

Amounts advanced

7,178

970

Amounts repaid

(970

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,178

970

The overdrawn director's current account was rectified by a dividend voted on the 31st July 2021.