GLK Installations Ltd,Ltd - AccountsLtd - Accounts

GLK Installations Ltd,Ltd - AccountsLtd - Accounts

GLK INSTALLATIONS LIMITED - Company Information

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2017-10-01 04525788 2018-09-30 04525788 2017-10-01 2018-09-30 04525788 2017-09-30 04525788 2016-10-01 2017-09-30 04525788 uk-core:WithinOneYear 2017-09-30 04525788 uk-core:WithinOneYear 2018-09-30 04525788 uk-core:ShareCapital 2018-09-30 04525788 uk-core:ShareCapital 2017-09-30 04525788 uk-core:RetainedEarningsAccumulatedLosses 2018-09-30 04525788 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 04525788 uk-bus:Director1 2017-10-01 2018-09-30 04525788 uk-core:NetGoodwill 2017-10-01 2018-09-30 04525788 uk-core:PlantMachinery 2017-10-01 2018-09-30 04525788 uk-core:ToolsEquipment 2017-10-01 2018-09-30 04525788 uk-core:CommercialMotorVehicles 2017-10-01 2018-09-30 04525788 uk-core:FurnitureFittings 2017-10-01 2018-09-30 04525788 uk-core:Goodwill 2017-09-30 04525788 uk-core:Goodwill 2018-09-30 04525788 uk-core:Goodwill 2017-10-01 2018-09-30 04525788 uk-core:ToolsEquipment 2017-09-30 04525788 uk-core:FurnitureFittings 2017-09-30 04525788 uk-core:CommercialMotorVehicles 2017-09-30 04525788 uk-core:PlantMachinery 2017-09-30 04525788 uk-core:CommercialMotorVehicles 2018-09-30 04525788 uk-core:FurnitureFittings 2018-09-30 04525788 uk-core:ToolsEquipment 2018-09-30 04525788 uk-core:PlantMachinery 2018-09-30 iso4217:GBP xbrli:pure 04525788 uk-bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 04525788 uk-bus:FRS102 2017-10-01 2018-09-30 04525788 uk-bus:FullAccounts 2017-10-01 2018-09-30 04525788 uk-bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30
GLK Installations Ltd
Registered Number:04525788
For the year ended 30 September 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2018
GLK Installations Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 30 September 2018
GLK Installations Ltd
Statement of Financial Position
Registered Number :
04525788
£
£
2017
2018
Notes
Fixed assets
Intangible assets
41,247
44,685
2
Property, plant and equipment
15,370
20,545
3
56,617
65,230
Current assets
Inventories
3,775
3,775
4
Trade and other receivables
61,590
101,198
5
158,960
Cash and cash equivalents
136,668
241,641
224,325
Trade and other payables: amounts falling due within one
year
(49,824)
(65,866)
6
174,501
175,775
Net current assets
Total assets less current liabilities
232,392
239,731
(2,171)
(5,435)
Provisions for liabilities
230,221
Net assets
234,296
Capital and reserves
Called up share capital
1
1
Retained earnings
230,220
234,295
230,221
234,296
Shareholders' funds
For the year ended 30 September 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr. G. King Director
These financial statements were approved and authorised for issue by the Board on 25 January 2019 and were signed by:
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4
For the year ended 30 September 2018
GLK Installations Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2018
GLK Installations Ltd
Notes to the Financial Statements
Statutory Information
GLK Installations Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04525788.
Registered address:
64 Wavell Way
Winchester
Hampshire
SO22 4EG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
50% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 30 September 2018
GLK Installations Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2017
68,750
At 30 September 2018
68,750
Amortisation
At 01 October 2017
24,065
3,438
Charge for year
At 30 September 2018
27,503
Net book value
At 30 September 2018
41,247
At 30 September 2017
44,685
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 October 2017
109,447
8,166
4,423
90,990
5,868
At 30 September 2018
90,990
4,423
8,166
109,447
5,868
Provision for depreciation and impairment
At 01 October 2017
88,902
7,595
4,090
73,061
4,156
Charge for year
5,175
285
66
4,482
342
At 30 September 2018
94,077
7,880
4,156
77,543
4,498
At 30 September 2018
Net book value
1,370
13,447
267
286
15,370
At 30 September 2017
1,712
17,929
333
571
20,545
4. Inventories
2017
2018
£
£
Stocks
3,775
3,775
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7
For the year ended 30 September 2018
GLK Installations Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2017
2018
£
£
Trade debtors
98,766
59,575
Other debtors
2,432
2,015
61,590
101,198
6. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
6,455
5,740
Taxation and social security
44,349
28,693
Other creditors
15,062
15,391
65,866
49,824
7. Related party transactions
The director is owed £58 at the year end and this is shown under other creditors of less than one year.
8. Average number of persons employed
During the year the average number of employees was 2 (2017 : 2)
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