General Engine Management Systems Ltd - Limited company - abbreviated - 11.0.0
General Engine Management Systems Ltd - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014 |
| FOR |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD (REGISTERED NUMBER: 01920884) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants and Financial Advisors |
| BANKERS: |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD (REGISTERED NUMBER: 01920884) |
| ABBREVIATED BALANCE SHEET |
| 30 JUNE 2014 |
| 30.6.14 | 30.6.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD (REGISTERED NUMBER: 01920884) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2014 |
| 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 April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2013 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2014 |
| DEPRECIATION |
| At 1 July 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2014 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| GENERAL ENGINE MANAGEMENT SYSTEMS LTD (REGISTERED NUMBER: 01920884) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.14 | 30.6.13 |
| value: | £ | £ |
| Ordinary | £1 |
| Preference | £0.25 |
| 1,602 | 1,602 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 June 2014 and |
| 30 June 2013: |
| 30.6.14 | 30.6.13 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| 5. | RELATED PARTY DISCLOSURES |
| The company is controlled by the directors as they own all of the issued share capital. |