Gross Domestic Product Limited
|
Registered Number
:
08120840
|
For the year ended 30 June 2018
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2018
Gross Domestic Product Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Gross Domestic Product Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
50,785
-
2
50,785
-
Trade and other receivables
|
-
15,566
3
100
Cash and cash equivalents
|
111,145
126,711
100
Trade and other payables
:
amounts falling due within one year
|
-
(64,984)
4
100
61,727
Net current assets
Total assets less current liabilities
|
112,512
100
112,512
Net assets
100
100
100
112,412
-
112,512
100
Shareholders' funds
For the year ended 30 June 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 June 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.
|
Simon Durban Esq. Director
|
These financial statements were approved and authorised for issue by the Board on 11 December 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 June 2018
Gross Domestic Product Limited
Notes to the Financial Statements
Statutory Information
Gross Domestic Product Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
08120840
.
|
High Corner
Arkley Drive
Barnet
Hertfordshire
EN5 3LN
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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
.
|
Property, plant and equipment
Property, plant and equipment, 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
Computer Equipment
Furniture and Fittings
2
.
Property
,
plant and equipment
|
53,480
1,469
349
11,380
40,282
11,380
349
1,469
53,480
40,282
Provision for depreciation and impairment
|
Charge for year
2,695
367
52
2,276
-
2,695
367
52
2,276
-
40,282
9,104
297
1,102
50,785
3
.
Trade and other receivables
|
2017
2018
15,566
-
2 of 3
For the year ended 30 June 2018
Gross Domestic Product Limited
Notes to the Financial Statements Continued
4
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
13,571
-
Taxation and social security
|
48,863
-
2,550
-
64,984
-
5
.
Related party transactions
|
The controlling party is that of Marcus Chambers as he holds all of the issued share capital of the company.
3 of 3