Company Registration No. 10745962 (England and Wales)
Gamene Transport Ltd
Unaudited accounts
for the year ended 30 April 2021
Gamene Transport Ltd
Unaudited accounts
Contents
Gamene Transport Ltd
Company Information
for the year ended 30 April 2021
Company Number
10745962 (England and Wales)
Registered Office
48 Ryswick Road
Kempston
Bedford
MK42 8SN
Accountants
Jameson Accounting Services
87 Hillesden Avenue
Elstow
Bedford
Bedfordshire
MK42 9AJ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Gamene Transport Ltd for the year ended 30 April 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Gamene Transport Ltd for the year ended
30 April 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Gamene Transport Ltd, as a body, in accordance with the terms of our engagement letter dated 9 June 2018. Our work has been undertaken solely to prepare for your approval the accounts of Gamene Transport Ltd and state those matters that we have agreed to state to the Board of Directors of Gamene Transport Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gamene Transport Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gamene Transport Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gamene Transport Ltd. You consider that Gamene Transport Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gamene Transport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Jameson Accounting Services
Chartered Accountants
87 Hillesden Avenue
Elstow
Bedford
Bedfordshire
MK42 9AJ
22 January 2022
Gamene Transport Ltd
Statement of financial position
as at
30 April 2021
Cash at bank and in hand
13,176
2,866
Creditors: amounts falling due within one year
(12,316)
(8,420)
Net current assets
31,341
5,004
Total assets less current liabilities
31,341
5,004
Creditors: amounts falling due after more than one year
(30,333)
-
Called up share capital
1,000
1,000
Profit and loss account
8
4,004
Shareholders' funds
1,008
5,004
For the year ending 30 April 2021 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 21 January 2022 and were signed on its behalf by
Abass Haruna
Director
Company Registration No. 10745962
Gamene Transport Ltd
Notes to the Accounts
for the year ended 30 April 2021
Gamene Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 10745962. The registered office is 48 Ryswick Road, Kempston, Bedford, MK42 8SN.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors: amounts falling due within one year
2021
2020
Other debtors
30,481
10,558
5
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
4,667
-
Taxes and social security
7,015
7,920
6
Creditors: amounts falling due after more than one year
2021
2020
Gamene Transport Ltd
Notes to the Accounts
for the year ended 30 April 2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan account
9,559
19,922
-
29,481
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).