Company Registration No. 07793138 (England and Wales)
GEES DRY LTD
Unaudited accounts
for the year ended 30 September 2018
GEES DRY LTD
Unaudited accounts
Contents
GEES DRY LTD
Company Information
for the year ended 30 September 2018
Director
Sukhwant Singh Khaneja
Company Number
07793138 (England and Wales)
Registered Office
724 BATH ROAD
HOUNSLOW
MIDDLESEX
TW5 9TW
Accountants
Gurdeep Jaswal
Jaswal and Co Limited
121 Beavers Lane
Hounslow
Middlesex
TW4 6HF
GEES DRY LTD
Statement of financial position
as at
30 September 2018
Intangible assets
29,668
29,668
Tangible assets
16,750
19,706
Cash at bank and in hand
4,247
2,265
Creditors: amounts falling due within one year
(614)
(4,380)
Net current assets
21,517
17,260
Total assets less current liabilities
67,935
66,634
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Provisions for liabilities
Deferred tax
(3,759)
(3,759)
Called up share capital
100
100
Profit and loss account
14,076
12,775
Shareholders' funds
14,176
12,875
For the year ending 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 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 31 March 2019.
Sukhwant Singh Khaneja
Director
Company Registration No. 07793138
GEES DRY LTD
Notes to the Accounts
for the year ended 30 September 2018
GEES DRY LTD is a private company, limited by shares, registered in England and Wales, registration number 07793138. The registered office is 724 BATH ROAD, HOUNSLOW, MIDDLESEX, TW5 9TW.
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.
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
GEES DRY LTD
Notes to the Accounts
for the year ended 30 September 2018
4
Intangible fixed assets
Goodwill
At 30 September 2018
59,333
At 30 September 2018
29,665
At 30 September 2018
29,668
At 30 September 2017
29,668
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2017
1,094
44,510
45,604
At 30 September 2018
1,094
44,510
45,604
At 1 October 2017
1,094
24,804
25,898
Charge for the year
-
2,956
2,956
At 30 September 2018
1,094
27,760
28,854
At 30 September 2018
-
16,750
16,750
At 30 September 2017
-
19,706
19,706
Trade debtors
5,384
6,875
Accrued income and prepayments
4,500
4,500
Other debtors
8,000
8,000
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
-
3,150
Taxes and social security
614
1,230
8
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
50,000
50,000
GEES DRY LTD
Notes to the Accounts
for the year ended 30 September 2018
9
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 0 (2017: 0).