| GGS Groundcare Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of GGS Groundcare Ltd for the year ended 31 July 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GGS Groundcare Ltd for the year ended 31 July 2015 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made to the Company's Board of Directors, as a body, in accordance with the the terms of our engagement. Our work has been undertaken soley to prepare, for your approval the accounts of Firefly Specialists Ltd and state those matters that we have agreed to state to them in this report, in accordance with AAF 2/10 as detailed at icaew.compilation. |
| We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us, and we do not therefore, express any opinion on the financial statements. |
|
| Root Accountants Ltd |
| Accountants |
| Suite 1 |
| Sandown House |
| Sandbeck Way |
| Wetherby |
| LS22 7DN |
|
| 20.10.15 |
|
| GGS Groundcare Ltd |
| Registered number: |
06661591 |
| Abbreviated Balance Sheet |
| as at 31 July 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
4,500 |
|
|
6,000 |
| Tangible assets |
3 |
|
|
15,137 |
|
|
18,995 |
|
|
|
|
19,637 |
|
|
24,995 |
|
| Current assets |
| Debtors |
|
|
7,416 |
|
|
2,402 |
|
| Creditors: amounts falling due within one year |
|
|
(16,440) |
|
|
(14,367) |
|
| Net current liabilities |
|
|
|
(9,024) |
|
|
(11,965) |
|
| Total assets less current liabilities |
|
|
|
10,613 |
|
|
13,030 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(10,198) |
|
|
(12,828) |
|
|
|
| Net assets |
|
|
|
415 |
|
|
202 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
315 |
|
|
102 |
|
| Shareholders' funds |
|
|
|
415 |
|
|
202 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Pamela Hullah |
| Director |
| Approved by the board on 20.10.15 |
|
| GGS Groundcare Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Goodwill |
|
|
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable. |
|
|
Amortisation |
|
|
Amortisation is provided on tangible assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows: |
|
|
Goodwill |
10% straight line |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2014 |
15,000 |
|
At 31 July 2015 |
15,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2014 |
9,000 |
|
Provided during the year |
1,500 |
|
At 31 July 2015 |
10,500 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2015 |
4,500 |
|
At 31 July 2014 |
6,000 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2014 |
35,231 |
|
Additions |
1,188 |
|
At 31 July 2015 |
36,419 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2014 |
16,236 |
|
Charge for the year |
5,046 |
|
At 31 July 2015 |
21,282 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2015 |
15,137 |
|
At 31 July 2014 |
18,995 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
