G.M.C. SERVICES (IOW) LIMITE - Accounts 2014

G.M.C. SERVICES (IOW) LIMITE - Accounts 2014

G.M.C. SERVICES (IOW) LIMITED - Company Information

Print Friendly Version

2013-04-01 false false 07350306 2014-03-31 07350306 2013-04-01 2014-03-31 07350306 2014-03-31 07350306 2013-04-01 2014-03-31 07350306 2013-03-31 07350306 2009-01-01 2013-03-31 07350306 uk-bus:Director1 2013-04-01 2014-03-31 07350306 uk-gaap:PlantMachinery 2013-04-01 2014-03-31 07350306 uk-gaap:Vehicles 2013-04-01 2014-03-31 07350306 uk-gaap:FixturesFittings 2013-04-01 2014-03-31 07350306 uk-gaap:ToolsEquipment 2013-04-01 2014-03-31 07350306 uk-bus:OrdinaryShareClass1 2014-03-31 07350306 uk-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 07350306 uk-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP xbrli:shares
  File Number     2582
  Security Number     2582SA290914
  Company Number     07350306
         
         
         
         
         
         
         
         
         
         
         
         
  G.M.C SERVICES (IOW) LIMITED
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 31 MARCH 2014
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-3 Notes to the Abbreviated Accounts    
         
 
         
         
         
         
         
         
         
         
         
         
  G.M.C SERVICES (IOW) LIMITED
  Company registered number: 07350306
  ABBREVIATED BALANCE SHEET
  AT 31 March 2014
           
    Note 2014 2013
      £ £ £
  FIXED ASSETS
  Tangible Assets 2 160 214
         
  CURRENT ASSETS
  Debtors falling due within one year   - -
  Cash at bank and in hand   7,981 10,657
      7,981 10,657
  CREDITORS: Amounts falling due within one year   8,150 11,041
  NET CURRENT LIABILITIES   (169) (384)
  NET LIABILITIES   (£9) (£170)
       
  CAPITAL AND RESERVES
  Called up share capital 3 100 100
  Profit and loss account   (109) (270)
  SHAREHOLDERS' FUNDS   (£9) (£170)
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
  For the year in question the company was entitled to exemption 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 for 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.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 29 September 2014
 
 
         
  G M Chapman , Director
   
  The notes on pages 2 to 3 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 31 MARCH 2014
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  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).
         
         
1b. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
         
         
  Plant and machinery Reducing balance 25%    
  Vehicles Reducing balance 25%    
  Fixtures and fittings Reducing balance 25%    
  Equipment Reducing balance 25%    
       
       
1c. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1d. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
       
       
2. TANGIBLE FIXED ASSETS 2014 2013
    £ £
  Cost
       
  At 1 April 2013 380 380
  At 31 March 2014 380 380
   
  Depreciation
       
  At 1 April 2013 166 95
  For the year 54 71
  At 31 March 2014 220 166
   
  Net Book Amounts
       
  At 31 March 2014 £160 £214
   
  page 2
  G.M.C SERVICES (IOW) LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2014
       
       
3. SHARE CAPITAL 2014 2013
    £ £
  Allotted, issued and fully paid:
       
  100 Ordinary shares of £1 each £100 £100
   
       
       
4. ULTIMATE CONTROLLING PARTY
       
  The ultimate controlling party is the director(s).
  page 3