GA Hydraulic & Engineering Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03629926 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th September 2016

for

GA Hydraulic & Engineering Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J Allen

G Allen

REGISTERED OFFICE:

Glebe Cottage

Flemingstone

NR Cowbridge

Vale of Glamorgan

CF62 4QJ

REGISTERED NUMBER:

03629926 (England and Wales)

ACCOUNTANTS:

Norton Eddins Ltd

214 Whitchurch Road

Cardiff

CF14 3ND

FIXED ASSETS

Tangible assets

2

39,018

33,693

CURRENT ASSETS

Stocks

16,321

39,028

Debtors

16,596

14,607

32,917

53,635

CREDITORS

Amounts falling due within one year

59,871

71,949

NET CURRENT LIABILITIES

(26,954

)

(18,314

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,064

15,379

CREDITORS

Amounts falling due after more than one
year

13,932

11,908

NET (LIABILITIES)/ASSETS

(1,868

)

3,471

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(1,968

)

3,371

SHAREHOLDERS' FUNDS

(1,868

)

3,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26th June 2017 and were signed on its behalf by:

G Allen - 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress 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 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

Total

£

COST

At 1st October 2015

124,068

Additions

25,700

Disposals

(7,000

)

At 30th September 2016

142,768

DEPRECIATION

At 1st October 2015

90,375

Charge for year

13,375

At 30th September 2016

103,750

NET BOOK VALUE

At 30th September 2016

39,018

At 30th September 2015

33,693

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

100

Ordinary

£1

100