Company Registration No. SC495571 (Scotland)
GAPP Services Limited
Annual report and unaudited accounts
for the year ended 31 March 2017
GAPP Services Limited
Annual report and unaudited accounts
Contents
GAPP Services Limited
Company Information
for the year ended 31 March 2017
Company Number
SC495571 (Scotland)
Registered Office
14 Big Sand
Gairloch
Wester Ross
W6 9EA
Accountants
G Banks Accountants
Tax & Business Advisers
14 Big Sand
Gairloch
Wester Ross
IV21 2DD
GAPP Services Limited
Statement of financial position
as at 31 March 2017
Tangible assets
1,091
1,016
Cash at bank and in hand
153
443
Creditors: amounts falling due within one year
(6,015)
(2,522)
Net current liabilities
(3,805)
(1,876)
Total assets less current liabilities
(2,714)
(860)
Provisions for liabilities
Net liabilities
(2,719)
(860)
Called up share capital
100
100
Profit and loss account
(2,819)
(960)
Shareholders' funds
(2,719)
(860)
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 3 April 2017.
Graeme Banks
Director
Company Registration No. SC495571
GAPP Services Limited
Statement of Changes in Equity
as at 31 March 2017
Share
capital
Profit
& loss
account
Total
Loss for the year
(960)
(960)
At 31 March 2016
100
(960)
(860)
At 1 April 2016
100
(960)
(860)
Loss for the year
(1,859)
(1,859)
At 31 March 2017
100
(2,819)
(2,719)
GAPP Services Limited
Notes to the Accounts
for the year ended 31 March 2017
GAPP Services Limited is a private company, limited by shares, registered in Scotland, registration number SC495571. The registered office and principal place of business is 14 Big Sand, Gairloch, Wester Ross, W6 9EA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2016
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2016
783
520
1,303
At 31 March 2017
783
960
1,743
At 1 April 2016
157
130
287
Charge for the year
125
240
365
At 31 March 2017
282
370
652
At 31 March 2017
501
590
1,091
At 31 March 2016
626
390
1,016
GAPP Services Limited
Notes to the Accounts
for the year ended 31 March 2017
Accrued income and prepayments
24
203
6
Creditors: amounts falling due within one year
2017
2016
Other taxes and social security costs
-
437
Loans from directors
6,007
2,085
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).
