Guardian Lift Services Ltd,Ltd - Accounts

Guardian Lift Services Ltd,Ltd - Accounts

GUARDIAN LIFT SERVICES LIMITED - Company Information

Print Friendly Version

2014-11-01 true false Private Limited Company 04305044 2015-10-31 04305044 2014-11-01 2015-10-31 04305044 2014-10-31 04305044 2013-11-01 2014-10-31 04305044 uk-bus:Director1 2014-11-01 2015-10-31 04305044 uk-gaap:PlantMachinery 2014-11-01 2015-10-31 04305044 uk-gaap:ComputerEquipment 2014-11-01 2015-10-31 04305044 uk-gaap:CommercialMotorVehicles 2014-11-01 2015-10-31 04305044 uk-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP
Draft
Guardian Lift Services Ltd
For the year ended 31 October 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04305044
2
Draft
Contents Page
Guardian Lift Services Ltd
For the year ended 31 October 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Draft
Accountants' Report
For the year ended 31 October 2015
Guardian Lift Services Ltd
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31
October 2015 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil
your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Castle Accounting (Leicester) Ltd
228a Aylestone Lane
Wigston
Leicester
LE18 1BD
07 March 2016
Dated:
1 of 4
4
Draft
Abbreviated Balance Sheet
Guardian Lift Services Ltd
As at 31 October 2015
04305044
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
7,623
10,224
7,623
10,224
Current assets
Debtors
55,873
38,812
38,812
55,873
Creditors: amounts falling due within one year
(62,629)
(44,302)
(6,756)
(5,490)
Net current liabilities
Total assets less current liabilities
2,133
3,468
(1,090)
(1,515)
Provisions for liabilities
1,043
Net assets
1,953
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
943
1,853
1,043
1,953
Shareholders funds
For the year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 07 March 2016
Mr Dean Blaylock Director
Signed on behalf of the board of directors
Mr Dean Blaylock Director
2 of 4
5
Draft
Notes to the Abbreviated Financial Statements
For the year ended 31 October 2015
Guardian Lift Services Ltd
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
Computer Equipment
33 Straight line
Motor Vehicles
25 Reducing balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of
ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over
the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
3 of 4
6
Draft
Notes to the Abbreviated Financial Statements
For the year ended 31 October 2015
Guardian Lift Services Ltd
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
53,713
At 01 November 2014
308
Additions
At 31 October 2015
54,021
Depreciation
43,489
At 01 November 2014
2,909
Charge for year
46,398
At 31 October 2015
Net book values
At 31 October 2015
7,623
10,224
At 31 October 2014
3 Share capital
Allotted called up and fully paid
2015
2014
£
£
100 Class A shares of £1.00 each
100
100
100
100
4 of 4