Gaz Autoschool (Education and Training) Ltd Filleted accounts for Companies House (small and micro)
Gaz Autoschool (Education and Training) Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08158559
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Abridged Financial Statements |
Year ended 31 July 2021
Contents |
Page |
Abridged statement of financial position |
1 |
Notes to the abridged financial statements |
3 |
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Abridged Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Current assets
Stocks |
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– |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
(
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(
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Creditors: amounts falling due after more than one year |
– |
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Net liabilities |
(
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(
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Capital and reserves
Profit and loss account |
(
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(
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Shareholders deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
9 February 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08158559
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Notes to the Abridged Financial Statements |
Year ended 31 July 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2- 40 Commercial Square, Freeman's Common, Leicester, LE2 7SR.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Stocks
Government grants
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2020:
4
).
5.
Director's advances, credits and guarantees
At the year end the company owed
Mr F Hana
£97,968 (2020: £88,105)
6.
Related party transactions
No dividends were paid to the director during the year.