GPM Hire & Supplies Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08132360 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2015

for

GPM Hire & Supplies Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H W C Page

G Ingram

REGISTERED OFFICE:

Unit 3 Fordgate Business Park

Crabtree Manorway North

Belvedere

Kent

DA17 6AS

REGISTERED NUMBER:

08132360 (England and Wales)

ACCOUNTANT:

Aspirations Accountancy Ltd

C7-C8

Spectrum Business Centre

Anthony's Way

Rochester

Kent

ME2 4NP

FIXED ASSETS

Tangible assets

2

219,096

123,322

CURRENT ASSETS

Stocks

30,181

22,397

Debtors

571,108

396,784

Cash at bank and in hand

87,288

165,771

688,577

584,952

CREDITORS

Amounts falling due within one year

673,263

618,754

NET CURRENT ASSETS/(LIABILITIES)

15,314

(33,802

)

TOTAL ASSETS LESS CURRENT LIABILITIES

234,410

89,520

CREDITORS

Amounts falling due after more than one year

(80,000

)

(6,771

)

PROVISIONS FOR LIABILITIES

(38,220

)

-

NET ASSETS

116,190

82,749

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

116,090

82,649

SHAREHOLDERS' FUNDS

116,190

82,749

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 29 January 2016 and were signed on its behalf by:

H W C Page - Director

G Ingram - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

157,382

Additions

168,732

Disposals

(13,500

)

At 31 July 2015

312,614

DEPRECIATION

At 1 August 2014

34,060

Charge for year

62,833

Eliminated on disposal

(3,375

)

At 31 July 2015

93,518

NET BOOK VALUE

At 31 July 2015

219,096

At 31 July 2014

123,322

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100