GENERATOR_POWER_SERVICES_ - Accounts

SCOTTS INTERNATIONAL LIMITED - Company Information

Print Friendly Version

Company Registration No. 05901834 (England and Wales)

GENERATOR POWER SERVICES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

GENERATOR POWER SERVICES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GENERATOR POWER SERVICES LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,922

3,445

Current assets

Stocks

326,710

282,000

Debtors

49,449

24,619

Cash at bank and in hand

19,207

20,171

395,366

326,790

Creditors: amounts falling due within one year

(265,032)

(212,122)

Net current assets

130,334

114,668

Total assets less current liabilities

133,256

118,113

Creditors: amounts falling due after more than one year

(36,910)

96,346

81,203

Capital and reserves

Called up share capital

1,002

Profit and loss account

95,344

80,201

Shareholders' funds

96,346

81,203

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 3 February 2017

J Scott

D Scott

Director

Company Registration No. 05901834

GENERATOR POWER SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33% on cost

Motor vehicles

25% on reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

GENERATOR POWER SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2015

19,711

Additions

2,165

Disposals

(829)

At 30 September 2016

21,047

Depreciation

At 1 October 2015

16,266

On disposals

(547)

Charge for the year

2,406

At 30 September 2016

18,125

Net book value

At 30 September 2016

2,922

At 30 September 2015

3,445

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000

1 Ordinary A of £1 each

1 Ordinary B of £1 each

1,002