GMR Seafoods Ltd - Accounts to registrar (filleted) - small 18.1
GMR Seafoods Ltd - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 January 2018 |
for |
GMR Seafoods Ltd |
GMR Seafoods Ltd (Registered number: SC154973) |
Contents of the Financial Statements |
for the Year Ended 31 January 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GMR Seafoods Ltd |
Company Information |
for the Year Ended 31 January 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
7 Ythan Terrace |
Ellon |
Aberdeenshire |
AB41 9LJ |
GMR Seafoods Ltd (Registered number: SC154973) |
Balance Sheet |
31 January 2018 |
31.1.18 | 31.1.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
GMR Seafoods Ltd (Registered number: SC154973) |
Balance Sheet - continued |
31 January 2018 |
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 |
GMR Seafoods Ltd (Registered number: SC154973) |
Notes to the Financial Statements |
for the Year Ended 31 January 2018 |
1. | STATUTORY INFORMATION |
GMR Seafoods Ltd is a |
number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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 |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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. |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
GMR Seafoods Ltd (Registered number: SC154973) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 February 2017 |
and 31 January 2018 |
NET BOOK VALUE |
At 31 January 2018 |
At 31 January 2017 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 February 2017 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 January 2018 |
DEPRECIATION |
At 1 February 2017 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 January 2018 |
NET BOOK VALUE |
At 31 January 2018 |
At 31 January 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
GMR Seafoods Ltd (Registered number: SC154973) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
8. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £50,100 were paid to the directors . |
During the year the company traded with GMR Property (Peterhead) Ltd, a company controlled by Gordon |
Rennie and Morag Rennie. |
During the year the company traded with Tekserv PD Ltd, in which Gordon Rennie has a 100% interest. |
Details of transactions with these companies during the year, and of amounts due to or from the companies |
at 31st January are as follows; |
During the year the company traded with The Fishy Shoppee, a business owned by Morag Rennie, operating as a |
Sole Trader. |
2018 | 2017 |
(£ | ) | (£ | ) |
Balance due to GMR Property (Peterhead) Ltd at 31st January | 179,915 | 170,915 |
Purchases from GMR Property (Peterhead) Ltd | 21,000 | 21,000 |
Balance due by The Fishy Shoppee at 31st January | 15,000 | 15,000 |
Sales to The Fishy Shoppee | 51,496 | 51,865 |
Balance due by Tekserv PD Ltd at 31st January | 40,000 | 48,183 |
Purchases from Tekserv PD Ltd | 354 | 437 |
9. | ULTIMATE CONTROLLING PARTY |
Gordon A Rennie, a director, together with members of his close family, control the company by virtue of a |
controlling interest (directly or indirectly) of 100% of the issued ordinary share capital. |