GENERATOR_POWER_SERVICES_ - Accounts

SCOTTS INTERNATIONAL LIMITED - Company Information

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Company Registration No. 05901834 (England and Wales)

GENERATOR POWER SERVICES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

GENERATOR POWER SERVICES LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

GENERATOR POWER SERVICES LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,445

5,678

Current assets

Stocks

282,000

135,885

Debtors

24,619

2,963

Cash at bank and in hand

20,171

134,787

326,790

273,635

Creditors: amounts falling due within one year

(212,122)

(171,485)

Net current assets

114,668

102,150

Total assets less current liabilities

118,113

107,828

Creditors: amounts falling due after more than one year

(36,910)

(35,000)

Provisions for liabilities

(275)

81,203

72,553

Capital and reserves

Called up share capital

1,002

Profit and loss account

80,201

71,551

Shareholders' funds

81,203

72,553

GENERATOR POWER SERVICES LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2015

- 2 -

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 16 December 2015

J Scott

D Scott

Director

Company Registration No. 05901834

GENERATOR POWER SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33% on cost

Motor vehicles

25% on reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

GENERATOR POWER SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 October 2014

37,179

Additions

2,194

Disposals

(19,662)

At 30 September 2015

19,711

Depreciation

At 1 October 2014

31,501

On disposals

(19,486)

Charge for the year

4,251

At 30 September 2015

16,266

Net book value

At 30 September 2015

3,445

At 30 September 2014

5,678

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000

1 Ordinary A of £1 each

1 Ordinary B of £1 each

1,002