Accounts Submission

Accounts Submission

GBSM LTD - Company Information

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GBSM LTD

Company Registration Number:
05494073 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2017

Period of accounts

Start date: 01 July 2016

End date: 30 June 2017

Page 1

GBSM LTD

Contents of the Financial Statements

for the Period Ended 30 June 2017

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

Page 2

GBSM LTD

Company Information

for the Period Ended 30 June 2017




Director: Graham Paul Seddon
Peter John Kirby
Paul Lucraft
Secretary: Peter John Kirby
Registered office: 95
Princes Gardens
London
W3 0LR
Company Registration Number: 05494073 (England and Wales)

Page 3

GBSM LTD

Directors' Report Period Ended 30 June 2017

The directors present their report with the financial statements of the company for the period ended 30 June 2017

Principal Activities

Since 16 March 2009 the company has traded as a licensed office of Expense Reduction Analysts (UK) Limited, a procurement consultancy.

Directors

The directors shown below have held office during the whole of the period from 01 July 2016 to 30 June 2017
Graham Paul Seddon
Peter John Kirby
Paul Lucraft

Secretary
Peter John Kirby

This report was approved by the board of directors on 26 March 2018
And Signed On Behalf Of The Board By:

Name: Graham Paul Seddon
Status: Director

Page 4

GBSM LTD

Profit and Loss Account

for the Period Ended 30 June 2017


Notes
2017
£
2016
£
Turnover 57,809 50,110
Cost of sales (38,758) (40,942)
Gross Profit or (Loss) 19,051 9,168
Distribution Costs (0) (0)
Administrative Expenses (15,529) (16,013)
Operating Profit or (Loss) 3,522 (6,845)
Interest Payable and Similar Charges (2) (8)
Profit or (Loss) Before Tax 3,520 (6,853)
Tax on Profit (0) (0)
Profit or (Loss) for Period 3,520 (6,853)

The notes form part of these financial statements

Page 5

GBSM LTD

Balance sheet

As at 30 June 2017


Notes
2017
£
2016
£
Fixed assets
Intangible assets: 2 3,500 5,500
Tangible assets: 3 0 0
Total fixed assets: 3,500 5,500
Current assets
Stocks: 0 0
Debtors: 4 2,689 9,791
Cash at bank and in hand: 24 131
Total current assets: 2,713 9,922
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 2,083 ) ( 7,621 )
Net current assets (liabilities): 630 2,301
Total assets less current liabilities: 4,130 7,801
Creditors: amounts falling due after more than one year: 6 ( 50,000 ) ( 70,000 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 103,129 ) ( 90,319 )
Total net assets (liabilities): ( 148,999 ) ( 152,518 )

The notes form part of these financial statements

Page 6

GBSM LTD

Balance sheet continued

As at 30 June 2017


Notes
2017
£
2016
£
Capital and reserves
Called up share capital: 200 200
Revaluation reserve: 7 0 0
Profit and loss account: ( 149,199 ) ( 152,718 )
Shareholders funds: ( 148,999 ) ( 152,518 )

For the year ending 30 June 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 March 2018
And Signed On Behalf Of The Board By:

Name: Graham Paul Seddon
Status: Director

The notes form part of these financial statements

Page 7

GBSM LTD

Notes to the Financial Statements

for the Period Ended 30 June 2017

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Page 8

GBSM LTD

Notes to the Financial Statements

for the Period Ended 30 June 2017

2. Intangible assets

Other Total
Cost £ £
At 01 July 2016 20,000 20,000
Additions 0 0
Disposals (0) (0)
Revaluations 0 0
Transfers 0 0
At 30 June 2017 20,000 20,000
Amortisation
Amortisation at 01 July 2016 14,500 14,500
Charge for year 2,000 2,000
On disposals (0) (0)
Other adjustments 0 0
Amortisation at 30 June 2017 16,500 16,500
Net book value
Net book value at 30 June 2017 3,500 3,500
Net book value at 30 June 2016 5,500 5,500

Page 9

GBSM LTD

Notes to the Financial Statements

for the Period Ended 30 June 2017

3. Tangible assets

Land & buildings Total
Cost £ £
At 01 July 2016 0 0
Additions 0 0
Disposals (0) (0)
Revaluations 0 0
Transfers 0 0
At 30 June 2017 0 0
Depreciation
At 01 July 2016 0 0
Charge for year 0 0
On disposals (0) (0)
Other adjustments 0 0
At 30 June 2017 0 0
Net book value
At 30 June 2017 0 0
At 30 June 2016 0 0

Page 10

GBSM LTD

Notes to the Financial Statements

for the Period Ended 30 June 2017

4. Debtors


2017
£
2016
£
Trade debtors 2,589 9,691
Prepayments and accrued income 0 0
Other debtors 100 100
Total 2,689 9,791
Debtors due after more than one year: 0 0

Page 11

GBSM LTD

Notes to the Financial Statements

for the Period Ended 30 June 2017

5.Creditors: amounts falling due within one year note


2017
£
2016
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 109 3,674
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 1,974 3,947
Total 2,083 7,621

Page 12

GBSM LTD

Notes to the Financial Statements

for the Period Ended 30 June 2017

6.Creditors: amounts falling due after more than one year


2017
£
2016
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 50,000 70,000
Total 50,000 70,000

Page 13

GBSM LTD

Notes to the Financial Statements

for the Period Ended 30 June 2017

7. Revaluation reserve


2017
£
Balance at 01 July 2016 0
Surplus or deficit after revaluation 0
Balance at 30 June 2017 0

Page 14