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Gauld & Davies Limited |
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Unaudited Financial Statements for the Year Ended 31 May 2018 |
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REGISTERED NUMBER:
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Gauld & Davies Limited |
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Unaudited Financial Statements for the Year Ended 31 May 2018 |
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Gauld & Davies Limited (Registered number: 06256138) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2018 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Gauld & Davies Limited |
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Company Information |
for the Year Ended 31 May 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
5 London Road |
Rainham |
Gillingham |
Kent |
ME8 7RG |
Gauld & Davies Limited (Registered number: 06256138) |
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Statement of Financial Position |
31 May 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 7 | ( |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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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. |
Gauld & Davies Limited (Registered number: 06256138) |
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Statement of Financial Position - continued |
31 May 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Gauld & Davies Limited (Registered number: 06256138) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2018 |
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1. | STATUTORY INFORMATION |
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Gauld & Davies Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Income recognition |
Turnover represents rents receivable. |
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Tangible fixed assets |
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Plant and machinery | - |
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Financial instruments |
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like |
trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. |
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Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and |
non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative |
financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
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Investment property |
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value |
reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Gauld & Davies Limited (Registered number: 06256138) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2018 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 June 2017 |
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Revaluations |
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At 31 May 2018 |
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DEPRECIATION |
At 1 June 2017 |
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Charge for year |
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At 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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Cost or valuation at 31 May 2018 is represented by: |
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Plant and |
Land and | machinery |
buildings | etc | Totals |
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Valuation in 2018 | 375,000 | 6,893 | 381,893 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Gauld & Davies Limited (Registered number: 06256138) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans | 97,896 | 104,408 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Bank loans |
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The bank loans are secured by way of a legal mortgage charge over the investment property. |
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9. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | 23,653 | 10,489 |
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Deferred |
tax |
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Balance at 1 June 2017 |
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Charge to Statement of Comprehensive Income during year |
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Balance at 31 May 2018 |
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