Company Registration No. 07430358 (England and Wales)
Gas Turbine Resources Limited
Unaudited accounts
for the year ended 31 January 2020
Gas Turbine Resources Limited
Unaudited accounts
Contents
Gas Turbine Resources Limited
Company Information
for the year ended 31 January 2020
Company Number
07430358 (England and Wales)
Registered Office
80 STATION ROAD
COLLINGHAM
NEWARK
Nottinghamshire
NG23 7RA
ENGLAND
Gas Turbine Resources Limited
Statement of financial position
as at
31 January 2020
Tangible assets
24,970
29,376
Inventories
330,000
335,000
Cash at bank and in hand
(19,592)
1,395
Creditors: amounts falling due within one year
(301,042)
(300,851)
Net current assets
9,366
35,544
Total assets less current liabilities
34,336
64,920
Creditors: amounts falling due after more than one year
(306,876)
(306,315)
Net liabilities
(272,540)
(241,395)
Called up share capital
(1)
(1)
Profit and loss account
(272,539)
(241,394)
Shareholders' funds
(272,540)
(241,395)
For the year ending 31 January 2020 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 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.
The financial statements were approved by the Board and authorised for issue on 17 August 2020 and were signed on its behalf by
Jennifer Gadsby
Director
Company Registration No. 07430358
Gas Turbine Resources Limited
Notes to the Accounts
for the year ended 31 January 2020
Gas Turbine Resources Limited is a private company, limited by shares, registered in England and Wales, registration number 07430358. The registered office is 80 STATION ROAD, COLLINGHAM, NEWARK, Nottinghamshire, NG23 7RA, ENGLAND.
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.
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 1 February 2019
34,560
At 31 January 2020
34,560
Charge for the year
4,406
At 31 January 2020
24,970
At 31 January 2019
29,376
Raw materials
330,000
335,000
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
288,033
288,033
Trade creditors
13,009
12,818
Gas Turbine Resources Limited
Notes to the Accounts
for the year ended 31 January 2020
7
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
306,500
306,500
Taxes and social security
376
(185)
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).