Gardwell Coatings Ltd - Limited company - abbreviated - 11.9
Gardwell Coatings Ltd - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts For The Year Ended 30th April 2015 |
| for |
| Gardwell Coatings Ltd |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Contents of the Abbreviated Accounts |
| For The Year Ended 30th April 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Gardwell Coatings Ltd |
| Company Information |
| For The Year Ended 30th April 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Abbreviated Balance Sheet |
| 30th April 2015 |
| 30/4/15 | 30/4/14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Abbreviated Balance Sheet - continued |
| 30th April 2015 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Notes to the Abbreviated Accounts |
| For The Year Ended 30th April 2015 |
| 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. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due |
| allowance for obsolete and slow moving items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
| over the period of the lease. |
| Going concern |
| These financial statements have been prepared using the going concern basis. The directors consider |
| this basis to be appropriate but have not assessed a period in excess of twelve months from the date |
| of approving the accounts. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st May 2014 |
| Additions |
| At 30th April 2015 |
| DEPRECIATION |
| At 1st May 2014 |
| Charge for year |
| At 30th April 2015 |
| NET BOOK VALUE |
| At 30th April 2015 |
| At 30th April 2014 |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Notes to the Abbreviated Accounts - continued |
| For The Year Ended 30th April 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| Additions | 10,000 |
| At 30th April 2015 | 10,000 |
| NET BOOK VALUE |
| At 30th April 2015 |
| 4. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 30/4/15 | 30/4/14 |
| £ | £ |
| Repayable otherwise than by instalments | 80,000 | 80,000 |
| Repayable by instalments | 338,939 | - |
| 418,939 | 80,000 |
| Details of shares shown as liabilities are as follows: |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30/4/15 | 30/4/14 |
| value: | £ | £ |
| Preference | £1 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30/4/15 | 30/4/14 |
| value: | £ | £ |
| Ordinary A | £1 |
| 6. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the director, Mr A Robertson-Young, by virtue of his shareholdings for |
| this and the proceeding period. |