G.M.S. Home Finance Limited - Accounts to registrar (filleted) - small 17.3

G.M.S. Home Finance Limited - Accounts to registrar (filleted) - small 17.3


IRIS Accounts Productionv17.3.1.10606856850Board of Directors1.4.1631.3.1731.3.17falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure068568502016-03-31068568502017-03-31068568502016-04-012017-03-31068568502015-03-31068568502015-04-012016-03-31068568502016-03-3106856850ns15:EnglandWales2016-04-012017-03-3106856850ns14:PoundSterling2016-04-012017-03-3106856850ns10:Director12016-04-012017-03-3106856850ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3106856850ns10:SmallEntities2016-04-012017-03-3106856850ns10:AuditExemptWithAccountantsReport2016-04-012017-03-3106856850ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3106856850ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3106856850ns10:FullAccounts2016-04-012017-03-3106856850ns10:Director22016-04-012017-03-3106856850ns10:RegisteredOffice2016-04-012017-03-3106856850ns5:CurrentFinancialInstruments2017-03-3106856850ns5:CurrentFinancialInstruments2016-03-3106856850ns5:ShareCapital2017-03-3106856850ns5:ShareCapital2016-03-3106856850ns5:RetainedEarningsAccumulatedLosses2017-03-3106856850ns5:RetainedEarningsAccumulatedLosses2016-03-3106856850ns5:FurnitureFittings2016-04-012017-03-3106856850ns5:ComputerEquipment2016-04-012017-03-3106856850ns5:FurnitureFittings2016-03-3106856850ns5:ComputerEquipment2016-03-3106856850ns5:FurnitureFittings2017-03-3106856850ns5:ComputerEquipment2017-03-3106856850ns5:FurnitureFittings2016-03-3106856850ns5:ComputerEquipment2016-03-3106856850ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3106856850ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-31


REGISTERED NUMBER: 06856850(England and Wales)











G.M.S. HOME FINANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017






G.M.S. HOME FINANCE LIMITED (REGISTERED NUMBER: 06856850)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2017




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Report of the accountants 5

G.M.S. HOME FINANCE LIMITED

COMPANY INFORMATION
for the year ended 31 March 2017







DIRECTORS: G M Sharpington
Mrs J E Sharpington





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 06856850(England and Wales)





ACCOUNTANTS: F W Berringer & Co
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

G.M.S. HOME FINANCE LIMITED (REGISTERED NUMBER: 06856850)

BALANCE SHEET
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 548 731

CURRENT ASSETS
Debtors 5 119 12,589
Cash at bank 67,346 55,303
67,465 67,892
CREDITORS
Amounts falling due within one year 6 13,919 12,506
NET CURRENT ASSETS 53,546 55,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,094

56,117

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 53,994 56,116
SHAREHOLDERS' FUNDS 54,094 56,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 5 December 2017and were signed on its behalf by:





G M Sharpington- Director


G.M.S. HOME FINANCE LIMITED (REGISTERED NUMBER: 06856850)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2017

1. STATUTORY INFORMATION

G.M.S. Home Finance Limited 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 represents fees & commissions received during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2.

G.M.S. HOME FINANCE LIMITED (REGISTERED NUMBER: 06856850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2016
and 31 March 2017 1,694 936 2,630
DEPRECIATION
At 1 April 2016 1,153 746 1,899
Charge for year 135 48 183
At 31 March 2017 1,288 794 2,082
NET BOOK VALUE
At 31 March 2017 406 142 548
At 31 March 2016 541 190 731

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 119 12,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 12,515 11,005
Other creditors 1,404 1,501
13,919 12,506

7. RELATED PARTY DISCLOSURES

At 31 March 2017, the company owed the director the sum of £84 (2016 - £0).

8. FIRST YEAR ADOPTION

The company has adopted FRS 102 for the year ended 31 March 2017. Whilst the transition to FRS 102 from old UK
GAAP has had no effect on the Company's reported financial position or financial performance as at 1 April 2015 or 31
March 2016, there have been several presentational differences which are reflected in these financial statements. No
transitional provisions on conversion to FRS 102 have been applied.

G.M.S. HOME FINANCE LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
G.M.S. HOME FINANCE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet.
Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are
not required to be filed with the Registrar of Companies.

As described on the Balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F W Berringer & Co
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


5 December 2017