GNC MCS Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08436193 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

GNC MCS Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Christie

Mrs D Christie

REGISTERED OFFICE:

Suite W11, 2nd Floor

IMEX HOUSE

575-599 Maxted Road

Hemel Hempstead

Hertfordshire

HP2 7DX

REGISTERED NUMBER:

08436193 (England and Wales)

ACCOUNTANT:

G Jakeman

Suite W11, 2nd Floor

IMEX HOUSE

575-599 Maxted Road

Hemel Hempstead

Hertfordshire

HP2 7DX

FIXED ASSETS

Tangible assets

4

22,069

26,678

CURRENT ASSETS

Debtors

5

13,200

14,400

Cash at bank

179,008

155,442

192,208

169,842

CREDITORS

Amounts falling due within one year

6

25,831

17,298

NET CURRENT ASSETS

166,377

152,544

TOTAL ASSETS LESS CURRENT LIABILITIES

188,446

179,222

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

188,346

179,122

SHAREHOLDERS' FUNDS

188,446

179,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 December 2019 and were signed on its behalf by:

G Christie - Director

1.	STATUTORY INFORMATION

GNC MCS Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

28,712

Additions

731

At 31 March 2019

29,443

DEPRECIATION

At 1 April 2018

2,034

Charge for year

5,340

At 31 March 2019

7,374

NET BOOK VALUE

At 31 March 2019

22,069

At 31 March 2018

26,678

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

13,200

14,400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

-

(2

)

Taxation and social security

23,468

16,036

Other creditors

2,363

1,264

25,831

17,298