GPD Communications Limited Filleted accounts for Companies House (small and micro)

G P D COMMUNICATIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03097166

GPD Communications Limited

Filleted Unaudited Financial Statements

30 November 2018

GPD Communications Limited

Statement of Financial Position

30 November 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	5		3,534	4,714

Current assets

Stocks		7,500	7,500
Debtors	6	24,137	22,526
Cash at bank and in hand		72,472	13,702
		---------	--------
		104,109	43,728

Creditors: amounts falling due within one year	7	103,924		45,203
		---------		--------
Net current assets/(liabilities)			185	( 1,475)
			-------	-------
Total assets less current liabilities			3,719	3,239
			-------	-------
Net assets			3,719	3,239
			-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	3,619	3,139
	-------	-------
Shareholders funds	3,719	3,239
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GPD Communications Limited

Statement of Financial Position (continued)

30 November 2018

These financial statements were approved by the board of directors and authorised for issue on 26 July 2019 , and are signed on behalf of the board by:

J.G.B. Ashdown
Director

Company registration number: 03097166

GPD Communications Limited

Notes to the Financial Statements

Year ended 30 November 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Landscape Close, Weston On The Green, Bicester, Oxon, OX25 3SX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor Vehicles	-	25% reducing balance
Office Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2017: 4 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 December 2017 and 30 November 2018	10,250	54,586	64,836
	--------	--------	--------
Depreciation
At 1 December 2017	8,426	51,696	60,122
Charge for the year	455	725	1,180
	--------	--------	--------
At 30 November 2018	8,881	52,421	61,302
	--------	--------	--------
Carrying amount
At 30 November 2018	1,369	2,165	3,534
	--------	--------	--------
At 30 November 2017	1,824	2,890	4,714
	--------	--------	--------

6. Debtors

	2018	2017
	£	£
Trade debtors	( 282)	( 117)
Other debtors	24,419	22,643
	--------	--------
	24,137	22,526
	--------	--------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	3,722	3,981
Corporation tax	1,620	483
Social security and other taxes	7,446	13,697
Other creditors	91,136	27,042
	---------	--------
	103,924	45,203
	---------	--------

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2018
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
J.G.B. Ashdown	–	3,419	3,419
	----	-------	-------

	2017
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
J.G.B. Ashdown	–	–	–
	----	----	----

9. Related party transactions

The company was under the control of Mr J.G.B Ashdown, a director and members of his close family throughout the current and previous year. Mr J.G.B Ashdown is personally interested in 50% (2017 - 50%) of the company's share capital.