Abbreviated Company Accounts - GTS MAINTENANCE LIMITED

GTS MAINTENANCE LIMITED - Company Information

Registered Number 03301417

GTS MAINTENANCE LIMITED

Abbreviated Accounts

31 January 2014

GTS MAINTENANCE LIMITED Registered Number 03301417

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,336,844	1,339,350
Investments	3	7,734	3,765
		1,344,578	1,343,115
Current assets
Stocks		3,000	2,500
Debtors		562,892	234,604
Cash at bank and in hand		263,901	98,052
		829,793	335,156
Creditors: amounts falling due within one year		(742,385)	(558,807)
Net current assets (liabilities)		87,408	(223,651)
Total assets less current liabilities		1,431,986	1,119,464
Total net assets (liabilities)		1,431,986	1,119,464
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,431,984	1,119,462
Shareholders' funds		1,431,986	1,119,464

For the year ending 31 January 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 18 August 2014

And signed on their behalf by:
Mr S R Green, Director

GTS MAINTENANCE LIMITED Registered Number 03301417

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - not provided
Improvements to property - not provided
Plant and machinery - 15% reducing balance
Fixtures and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% reducing balance

Other accounting policies
Stocks
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2Tangible fixed assets

	£
Cost
At 1 February 2013	1,530,194
Additions	83,853
Disposals	(45,702)
Revaluations	-
Transfers	-
At 31 January 2014	1,568,345
Depreciation
At 1 February 2013	190,844
Charge for the year	67,079
On disposals	(26,422)
At 31 January 2014	231,501
Net book values
At 31 January 2014	1,336,844
At 31 January 2013	1,339,350

3Fixed assets Investments
Fixed asset investments are held at cost.