Gaspoint South Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 05893510 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2016

for

Gaspoint South Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Mead

SECRETARY:

Accord Secretaries

REGISTERED OFFICE:

132 Winchester Road

Chandlers Ford

Hampshire

SO53 2DS

REGISTERED NUMBER:

05893510 (England and Wales)

ACCOUNTANTS:

Accord Accountants

132 Winchester Road

Chandler's Ford

Eastleigh

Hampshire

SO53 2DS

FIXED ASSETS

Tangible assets

2

153

199

CURRENT ASSETS

Stocks

1,050

560

Debtors

3

7,989

-

Cash at bank and in hand

4,822

3,077

13,861

3,637

CREDITORS

Amounts falling due within one year

4

10,946

6,965

NET CURRENT ASSETS/(LIABILITIES)

2,915

(3,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,068

(3,129

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

6

3,066

(3,131

)

SHAREHOLDERS' FUNDS

3,068

(3,129

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 May 2017 and were signed by:

R Mead - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2015

and 31 August 2016

2,500

DEPRECIATION

At 1 September 2015

2,301

Charge for year

46

At 31 August 2016

2,347

NET BOOK VALUE

At 31 August 2016

153

At 31 August 2015

199

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.16

31.8.15

£

£

Trade debtors

7,989

-

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.16

31.8.15

£

£

Taxation and social security

9,231

5,250

Other creditors

1,715

1,715

10,946

6,965

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

2

Ordinary

1

2

2

6.

RESERVES

Profit

and loss

account

£

At 1 September 2015

(3,131

)

Profit for the year

31,197

Dividends

(25,000

)

At 31 August 2016

3,066