Humberside G.E.S. Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02178300 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

HUMBERSIDE G.E.S. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I B Everard

B Everard

REGISTERED OFFICE:

Unit 3, Venture Park

Witty Street

Hull

HU3 4TT

REGISTERED NUMBER:

02178300 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

122,528

131,393

CURRENT ASSETS

Stocks

2,000

4,000

Debtors

5

37,018

32,116

Cash at bank and in hand

101,240

86,065

140,258

122,181

CREDITORS

Amounts falling due within one year

6

42,001

48,031

NET CURRENT ASSETS

98,257

74,150

TOTAL ASSETS LESS CURRENT LIABILITIES

220,785

205,543

PROVISIONS FOR LIABILITIES

1,335

2,497

NET ASSETS

219,450

203,046

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

219,350

202,946

SHAREHOLDERS' FUNDS

219,450

203,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 13 June 2018 and were signed on its behalf by:

I B Everard - Director

1.	STATUTORY INFORMATION

Humberside G.E.S. Limited is a private company limited by shares, incorporated and domiciled in England. The company's

registered number is 02178300 and its registered office address and principal place of business is Unit 3, Venture Park,

Witty Street, Hull, HU3 4TT.

The financial statements are presented in Sterling, which is the functional currency of the company and cover the individual

entity only.

The principal activity of the company is the supply and repair of industrial equipment.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going

concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to

events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or

receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by

reference to the stage of completion at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on cost and 15% on cost

Stocks

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

items.

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2016

126,449

27,389

153,838

Additions

-

650

650

Disposals

-

(8,990

)

(8,990

)

At 30 September 2017

126,449

19,049

145,498

DEPRECIATION

At 1 October 2016

9,478

12,967

22,445

Charge for year

2,529

3,153

5,682

Eliminated on disposal

-

(5,157

)

(5,157

)

At 30 September 2017

12,007

10,963

22,970

NET BOOK VALUE

At 30 September 2017

114,442

8,086

122,528

At 30 September 2016

116,971

14,422

131,393

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

34,347

30,138

Other debtors

2,671

1,978

37,018

32,116

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

16,704

30,177

Taxation and social security

13,586

5,352

Other creditors

11,711

12,502

42,001

48,031

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £18,000 (2016 - £19,000) were paid to the directors .

Included within other creditors is a loan to the company from the director, I B Everard. The balance outstanding at 30

September 2017 was £8,954 (2016 - £8,594).

The loan was made on an interest free basis and is repayable on demand.