Company Registration No. 3988680 (England and Wales)
Gulf Transport Utilities Limited
Unaudited accounts
for the year ended 31 May 2018
Gulf Transport Utilities Limited
Unaudited accounts
Contents
Gulf Transport Utilities Limited
Company Information
for the year ended 31 May 2018
Company Number
3988680 (England and Wales)
Registered Office
64 Tyldesley Road
Blackpool
Lancashire
FY1 5DF
Gulf Transport Utilities Limited
Statement of financial position
as at 31 May 2018
Creditors: amounts falling due within one year
(200,014)
(200,014)
Net current liabilities
(200,014)
(200,014)
Net liabilities
(200,014)
(200,014)
Called up share capital
1
1
Profit and loss account
(200,015)
(200,015)
Shareholders' funds
(200,014)
(200,014)
For the year ending 31 May 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 December 2018.
S Zayat
Director
Company Registration No. 3988680
Gulf Transport Utilities Limited
Notes to the Accounts
for the year ended 31 May 2018
Gulf Transport Utilities Limited is a private company, limited by shares, registered in England and Wales, registration number 3988680. The registered office is 64 Tyldesley Road, Blackpool, Lancashire, FY1 5DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Fundamental Accounting Concept
The accounts have been prepared on the coing concern basis, as the loan creditor has agreed to provide financial support to the company until such time as it has sufficient net assets to meet all other liabilities and commitments.
Due to a reduction in funding currently available the company has placed itself in a dormant state.
4
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
14
14
Other creditors
200,000
200,000
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
6
Average number of employees
During the year the average number of employees was 0 (2017: 0).
