G. A. Engineering (South East) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08011661 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

G. A. Engineering (South East) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr V Dabral

Mrs M Dabral

REGISTERED OFFICE:

95 Rowlands Avenue

Pinner

HA5 4AW

REGISTERED NUMBER:

08011661 (England and Wales)

ACCOUNTANTS:

Aequitas

Chartered Accountants

Elthorne Gate

64 High Street

Pinner

Middlesex

HA5 5QA

FIXED ASSETS

Intangible assets

4

1,125,000

1,200,000

Tangible assets

5

9,252

10,554

1,134,252

1,210,554

CURRENT ASSETS

Stocks

46,000

48,000

Debtors

6

99,951

253,321

Cash at bank

123,095

167,240

269,046

468,561

CREDITORS

Amounts falling due within one year

7

508,706

922,793

NET CURRENT LIABILITIES

(239,660

)

(454,232

)

TOTAL ASSETS LESS CURRENT LIABILITIES

894,592

756,322

PROVISIONS FOR LIABILITIES

1,174

1,284

NET ASSETS

893,418

755,038

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

893,318

754,938

893,418

755,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 October 2017 and were signed on its behalf by:

Mr V Dabral - Director

1.	STATUTORY INFORMATION

G. A. Engineering (South East) Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be

found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill arsing on acquisition of an entity represents the excess of the cost of acquisition

over the Company's interest in the net fair value of identified assets, liabilities and

contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially

recognised as an asset at cost and and is subsequently measured at cost less accumulated

amortisation and accumulated impairment losses.

Goodwill is amortised over 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

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% reducing balance

Motor vehicles - 25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or

other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

1,500,000

AMORTISATION

At 1 April 2016

300,000

Charge for year

75,000

At 31 March 2017

375,000

NET BOOK VALUE

At 31 March 2017

1,125,000

At 31 March 2016

1,200,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

32,428

Additions

1,781

At 31 March 2017

34,209

DEPRECIATION

At 1 April 2016

21,874

Charge for year

3,083

At 31 March 2017

24,957

NET BOOK VALUE

At 31 March 2017

9,252

At 31 March 2016

10,554

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

99,951

182,396

Other debtors

-

70,925

99,951

253,321

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

23,343

45,612

Amounts owed to group undertakings

377,878

-

Taxation and social security

103,305

136,056

Other creditors

4,180

741,125

508,706

922,793