GB Cooker Spares (2012) Limited,Ltd - Accounts

GB COOKER SPARES (2012) LTD - Company Information

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GB Cooker Spares (2012) Limited

For the year ended 30 April 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08016574

Contents Page

GB Cooker Spares (2012) Limited

For the year ended 30 April 2016

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

GB Cooker Spares (2012) Limited

Chartered Accountants' Report

For the year ended 30 April 2016

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of GB Cooker Spares (2012) Limited for the year ended 30 April 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of GB Cooker Spares (2012) Limited, as a body, in accordance

with the terms of our engagement letter dated 25 September 2012. Our work has been undertaken solely to

prepare for your approval the accounts of GB Cooker Spares (2012) Limited and state those matters that we have

agreed to state to the Board of Directors of GB Cooker Spares (2012) Limited, as a body, in this report in

accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than GB Cooker Spares (2012) Limited and its Board of Directors

as a body for our work or for this report.

It is your duty to ensure that GB Cooker Spares (2012) Limited has kept adequate accounting records to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GB Cooker

Spares (2012) Limited. You consider that GB Cooker Spares (2012) Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of GB Cooker Spares (2012) Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Philip Nickson & Co Ltd

Paradise Farm

High Street

Kempsford

Fairford

GL7 4EU

23 January 2017

Dated:

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Abbreviated Balance Sheet

GB Cooker Spares (2012) Limited

As at 30 April 2016

08016574

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

21,957

22,380

21,957

22,380

Current assets

Stocks

200,072

304,933

Debtors

1,559

28,181

Cash at bank and in hand

59,313

60,358

392,427

261,989

Creditors: amounts falling due within one year

(200,455)

(130,364)

61,534

262,063

Net current assets

Total assets less current liabilities

284,020

83,914

Creditors: amounts falling due after more than one year

(4,853)

(3,246)

(4,476)

Provisions for liabilities

275,921

Net assets

79,438

Capital and reserves

Called up share capital

Profit and loss account

275,920

79,437

275,921

79,438

Shareholders funds

For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director 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 director acknowledges his 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: 23 January 2017

Mr Glenn Brooks Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

GB Cooker Spares (2012) Limited

For the year ended 30 April 2016

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 January 2015).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

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 method giving a constant rate of return on the balance outstanding.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange

ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the

transaction. All foreign exchange differences are included to the profit and loss account.

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% Straight line

Computer Equipment

25% Straight line

Motor Vehicles

25% Straight line

Fixtures and Fittings

25% Straight line

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Notes to the Abbreviated Financial Statements

GB Cooker Spares (2012) Limited

For the year ended 30 April 2016

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.

Stocks

Stocks 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 costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

46,675

At 01 May 2015

13,225

Additions

At 30 April 2016

59,900

Depreciation

24,295

At 01 May 2015

13,648

Charge for year

37,943

At 30 April 2016

Net book values

At 30 April 2016

21,957

22,380

At 30 April 2015

3 Creditors due after more than one year

Creditors falling due after five years and repayble by instalments amounted to £1,722 (2015 - £nil).

4 Share capital

Allotted called up and fully paid

2016

2015

1 Ordinary share of £1.00 each

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