GAP Lighting Ltd xbrl

GAP LIGHTING LIMITED - Company Information

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GAP Lighting Ltd


Company Registration Number
07008552


Report of the Directors and
Abbreviated Unaudited Financial Statements


Period of accounts

Start date 01/10/2015

End date 30/09/2016






















							Page 1

GAP Lighting Ltd

Contents of the Financial Statements
for the Period Ended 30 September 2016


							Page
Company Information							3

Report of the Accountants							4

Balance Sheet							5 - 6

Notes to the Financial Statements							7 - 10






























							Page 2

GAP Lighting Ltd

Company Information
for the Period Ended 30 September 2016

Directors		Geoff Pring
		Rachel Pring
		Charlotte Taylor

Company secretary		Pomfrey Accountants Ltd

Registered office		Unit 42 The Coach House
		66-70 Bourne Road
		Bexley, Kent
		DA5 1LU

Company Registration Number		07008552

Accountants	Name	Pomfrey Accountants Ltd
	Address	Unit 42, The Coach House
		66-70 Bourne Road
		Bexley
		Kent
		DA5 1LU




















			Page 3

GAP Lighting Ltd

Accountants' Report

for the Period Ended 30 September 2016

Independent accountants' report

Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 30 September 2016. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 30 September 2016 as set out on pages 3 to 10 which comprise of the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the

accounts of the company and state those matters that we have agreed to state to the Board of Directors

of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or

assume responsibility to anyone other than the company and its Board of Directors as a body for our

work or for this report.

It is your duty to ensure the company 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/(loss) of

the company. You consider the company is exempt from the statutory audit requirement for the

period.

We have not been instructed to carry out an audit of the financial statements. 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 financial

statements.

Pomfrey Accountants Ltd

Unit 42, The Coach House

66-70 Bourne Road

Bexley

Kent

DA5 1LU

Date

2017-04-20

Page 4

GAP Lighting Ltd
Balance Sheet
for the Period Ended 30 September 2016
Company registration number 07008552
		2016	2015
	Notes	£	£
Fixed assets
Tangible fixed assets	2	880,325	423,869
		_______	_______
Total fixed assets		880,325	423,869
Current assets
Stocks	3	234,484	205,928
Debtors	4	396,853	264,622
Cash at bank and in hand		20,463	6,420
		_______	_______
Total current assets/(liabilities)		651,800	476,970
Creditors
Creditors - amounts falling
due within one year	5	492,919	446,322
		_______	_______
Net current assets		158,881	30,648
		_______	_______
Total assets less current liabilities		1,039,206	454,517
		_______	_______
Creditors - amounts falling
due after more than one year	6	814,066	313,634
		_______	_______
Long term creditors		814,066	313,634
		______	______
Net assets/(liabilities)		225,140	140,883
Capital and reserves
Called up share capital	7	3	3
Profit and loss account	8	225,137	140,880
		______	______
Total shareholders funds		225,140	140,883







			Page 5

GAP Lighting Ltd

Balance Sheet

for the Period Ended 30 September 2016

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ending 30 September 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements were approved by the Board of Directors on

2017-04-20

SIGNED ON BEHALF OF THE BOARD BY

Name

Geoff Pring

The notes form part of these financial statements

Page 6

GAP Lighting Ltd

Notes to the Financial Statements

for the Period Ended 30 September 2016

1. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Page 7

GAP Lighting Ltd
Notes to the Financial Statements
for the Period Ended 30 September 2016
2. Tangible fixed assets
	Land and	Office	Total
	buildings	equipment
Cost	£	£	£
At 1 October 2015	416,043	78,190	494,233
Additions	446,562	11,149	457,711
	______	________	_________
At 30 September 2016	862,605	89,339	951,944
Depreciation
At 1 October 2015		70,363	70,363
Charge for year		1,255	1,255
		_______	_______
At 30 September 2016		71,618	71,618
Net book value
At 30 September 2016	862,605	17,720	880,325
At 30 September 2015	416,043	7,826	423,869


























			Page 8

GAP Lighting Ltd
Notes to the Financial Statements
for the Period Ended 30 September 2016
3. Stocks	2016	2015
Raw materials	234,484	205,928
Total	234,484	205,928
4. Debtors	2016	2015
Trade debtors	396,853	264,622
	______	______
Total	396,853	264,622
5. Creditors amounts falling due within one year	2016	2015
Bank loans and overdrafts	220,072	94,767
Trade creditors	29,514	46,783
Corporation tax	42,591	33,482
Other taxation and social security	73,159	55,995
Accruals and deferred income	13,000
Other creditors	114,583	215,295
	______	______
Total	492,919	446,322
6. Creditors amounts falling due after more than one year	2016	2015
Bank loans	814,066	313,634
	______	______
Total	814,066	313,634


















		Page 9

GAP Lighting Ltd
Notes to the Financial Statements
for the Period Ended 30 September 2016
7. Share capital		2016	2015
Authorised type	Par value	£	£
Ordinary	2	3	3
		_	_
Total		3	3
Allotted, called up and paid		£	£
Ordinary		3	3
		_	_
Total		3	3
8. Reserves/Retained profit
Retained profit reconciliation		£
Reserves at 1 October 2015		140,880
Profit/(Loss) for year		180,257
Dividends paid		96,000
		______
Retained Profit/(Loss) at 30 September 2016		225,137













			Page 10