T Gas Thirsk Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10305663 (England and Wales)

Unaudited Financial Statements

for the Period

1 August 2016 to 30 September 2017

for

T Gas Thirsk Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Smith

Mrs L Allen

REGISTERED OFFICE:

24a Marsh Street

Rothwell

Leeds

West Yorkshire

LS26 0BB

REGISTERED NUMBER:

10305663 (England and Wales)

ACCOUNTANTS:

Hope Agar Limited

Chartered Accountants

24a Marsh Street

Rothwell

Leeds

LS26 0BB

FIXED ASSETS

Intangible assets

4

36,000

Tangible assets

5

8,385

44,385

CURRENT ASSETS

Debtors

6

10,307

Cash at bank

52,674

62,981

CREDITORS

Amounts falling due within one year

7

70,338

NET CURRENT LIABILITIES

(7,357

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,028

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

36,928

SHAREHOLDERS' FUNDS

37,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 22 February 2018 and were signed on its behalf by:

G Smith - Director

1.	STATUTORY INFORMATION

T Gas Thirsk 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

40,000

At 30 September 2017

40,000

AMORTISATION

Charge for period

4,000

At 30 September 2017

4,000

NET BOOK VALUE

At 30 September 2017

36,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

11,328

At 30 September 2017

11,328

DEPRECIATION

Charge for period

2,943

At 30 September 2017

2,943

NET BOOK VALUE

At 30 September 2017

8,385

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

7,682

Prepayments and accrued income

2,625

10,307

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

801

Tax

10,387

Social security and other taxes

184

VAT

3,903

Directors' current accounts

52,670

Accrued expenses

2,393

70,338