Company Registration No. 06174087 (England and Wales)
Gentech Properties Limited
Unaudited accounts
for the year ended 31 May 2018
Gentech Properties Limited
Unaudited accounts
Contents
Gentech Properties Limited
Company Information
for the year ended 31 May 2018
Company Number
06174087 (England and Wales)
Registered Office
THE CORNER HOUSE
23 MARKET STREET
CRAVEN ARMS
SHROPSHIRE
SY7 9NW
Accountants
S A Acc'y Ltd
The Corner House
23 Market Street
Craven Arms
Shropshire
SY7 9NW
Gentech Properties Limited
Statement of financial position
as at 31 May 2018
Tangible assets
172,265
172,776
Cash at bank and in hand
1,850
1,373
Creditors: amounts falling due within one year
(76,808)
(72,773)
Net current liabilities
(74,958)
(71,400)
Total assets less current liabilities
97,307
101,376
Creditors: amounts falling due after more than one year
(60,098)
(66,815)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
36,721
33,950
Shareholders' funds
36,821
34,050
For the year ending 31 May 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 August 2018.
A Lewis
Director
Company Registration No. 06174087
Gentech Properties Limited
Notes to the Accounts
for the year ended 31 May 2018
Gentech Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06174087. The registered office is THE CORNER HOUSE, 23 MARKET STREET, CRAVEN ARMS, SHROPSHIRE, SY7 9NW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 June 2017
179,395
5,450
184,845
At 31 May 2018
179,395
5,450
184,845
At 1 June 2017
8,252
3,817
12,069
Charge for the year
184
327
511
At 31 May 2018
8,436
4,144
12,580
At 31 May 2018
170,959
1,306
172,265
At 31 May 2017
171,143
1,633
172,776
Gentech Properties Limited
Notes to the Accounts
for the year ended 31 May 2018
5
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
8,399
8,399
Trade creditors
6,447
6,309
Taxes and social security
3,254
4,834
Other creditors
57,425
51,425
Loans from directors
528
528
6
Creditors: amounts falling due after more than one year
2018
2017
7
Average number of employees
During the year the average number of employees was 0 (2017: 0).
