Gas Smart (UK) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08413151 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

GAS SMART (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R McCarthy

REGISTERED OFFICE:

109 The Headlands

Kettering

Northamptonshire

NN15 6AB

REGISTERED NUMBER:

08413151 (England and Wales)

ACCOUNTANTS:

Elsby & Company Ltd

Thistle Down Barn

Holcot Lane

Sywell

Northants

Northamptonshire

NN6 0BG

FIXED ASSETS

Intangible assets

2

3,333

6,667

Tangible assets

3

1,544

2,340

4,877

9,007

CURRENT ASSETS

Stocks

500

-

Debtors

14,327

7,213

Cash at bank

17,368

4,782

32,195

11,995

CREDITORS

Amounts falling due within one year

36,778

19,840

NET CURRENT LIABILITIES

(4,583

)

(7,845

)

TOTAL ASSETS LESS CURRENT LIABILITIES

294

1,162

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

194

1,062

SHAREHOLDERS' FUNDS

294

1,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 December 2015 and were signed by:

R McCarthy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

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

date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

10,000

AMORTISATION

At 1 April 2014

3,333

Amortisation for year

3,334

At 31 March 2015

6,667

NET BOOK VALUE

At 31 March 2015

3,333

At 31 March 2014

6,667

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

3,345

DEPRECIATION

At 1 April 2014

1,005

Charge for year

796

At 31 March 2015

1,801

NET BOOK VALUE

At 31 March 2015

1,544

At 31 March 2014

2,340

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100