Company Registration No. 07793138 (England and Wales)
GEES DRY LTD
Abbreviated unaudited accounts
for the year ended 30 September 2016
GEES DRY LTD
Abbreviated Balance Sheet
as at
30 September 2016
Intangible assets
29,668
35,601
Tangible assets
23,690
27,950
Cash at bank and in hand
42,989
464
Creditors: amounts falling due within one year
(69,493)
(66,033)
Net current liabilities
(7,137)
(61,077)
Total assets less current liabilities
46,221
2,474
Creditors: amounts falling due after more than one year
(33,190)
-
Provisions for liabilities
(3,759)
(3,759)
Net assets/(liabilities)
9,272
(1,285)
Called up share capital
100
100
Profit and loss account
9,172
(1,385)
Total shareholders' funds
9,272
(1,285)
For the year ending 30 September 2016 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 31 May 2017
Sukhwant Singh Khaneja
Director
Company Registration No. 07793138
GEES DRY LTD
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
2
Intangible fixed assets
At 30 September 2016
59,333
Charge for the year
5,933
At 30 September 2016
29,665
At 30 September 2016
29,668
At 30 September 2015
35,601
GEES DRY LTD
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
At 30 September 2016
46,110
Charge for the year
4,260
At 30 September 2016
22,420
At 30 September 2016
23,690
At 30 September 2015
27,950
4
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100