Generator Power Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05901834 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th September 2014

for

Generator Power Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D. A. Scott

Mr J Scott

SECRETARY:

Mrs S. Scott

REGISTERED OFFICE:

Whitleather Lodge Barn

Woolley Road

Spaldwick

Huntingdon

Cambridgeshire

PE28 0UD

REGISTERED NUMBER:

05901834 (England and Wales)

ACCOUNTANTS:

Phebys Limited

Whitleather Lodge Barn

Woolley Road

Spaldwick

Huntingdon

Cambridgeshire

PE28 0UD

FIXED ASSETS

Tangible assets

2

5,678

6,617

CURRENT ASSETS

Stocks

135,885

99,550

Debtors

2,963

9,564

Cash at bank and in hand

134,787

89,725

273,635

198,839

CREDITORS

Amounts falling due within one year

171,485

186,061

NET CURRENT ASSETS

102,150

12,778

TOTAL ASSETS LESS CURRENT LIABILITIES

107,828

19,395

CREDITORS

Amounts falling due after more than one year

(35,000

)

-

PROVISIONS FOR LIABILITIES

(275

)

(381

)

NET ASSETS

72,553

19,014

CAPITAL AND RESERVES

Called up share capital

3

1,002

1,002

Profit and loss account

71,551

18,012

SHAREHOLDERS' FUNDS

72,553

19,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2014 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 24th November 2014 and were signed on its behalf by:

Mr D. A. Scott - Director

Mr J Scott - 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 April 2008).

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.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on 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.

Deferred tax

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

the balance sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2013

34,180

Additions

2,999

At 30th September 2014

37,179

DEPRECIATION

At 1st October 2013

27,563

Charge for year

3,938

At 30th September 2014

31,501

NET BOOK VALUE

At 30th September 2014

5,678

At 30th September 2013

6,617

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1,002

1,002