Gale & Betts Limited - Accounts to registrar (filleted) - small 18.2
Gale & Betts Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2018 |
| for |
| Gale & Betts Limited |
| Gale & Betts Limited (Registered number: 00260889) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Gale & Betts Limited |
| Company Information |
| for the Year Ended 30 April 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 14 Austin Friars |
| London |
| EC2N 2HE |
| Gale & Betts Limited (Registered number: 00260889) |
| Balance Sheet |
| 30 April 2018 |
| 30/4/18 | 30/4/17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| 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 | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| 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. |
| Gale & Betts Limited (Registered number: 00260889) |
| Balance Sheet - continued |
| 30 April 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 signed on its behalf by: |
| Gale & Betts Limited (Registered number: 00260889) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2018 |
| 1. | Statutory information |
| Gale & Betts Limited is a |
| Wales. The company's registered number and registered office address can be found on the |
| Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 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. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit |
| arising from changes in fair value is recognised in profit or loss. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost, except for investments |
| in non-convertible preference and non-puttable ordinary shares which are measured at |
| fair value, with changes recognised in profit or loss. Derivative financial instruments |
| are initially recorded at cost and thereafter at fair value with changes recognised in profit or |
| loss. |
| 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. |
| Gale & Betts Limited (Registered number: 00260889) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2018 |
| 2. | Accounting policies - continued |
| 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. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures |
| and |
| fittings |
| £ |
| Cost |
| At 1 May 2017 |
| and 30 April 2018 |
| Depreciation |
| At 1 May 2017 |
| Charge for year |
| At 30 April 2018 |
| Net book value |
| At 30 April 2018 |
| At 30 April 2017 |
| Gale & Betts Limited (Registered number: 00260889) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2018 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 May 2017 |
| Revaluations | (191,500 | ) |
| At 30 April 2018 |
| Net book value |
| At 30 April 2018 |
| At 30 April 2017 |
| The valuations of investment properties were made by the directors, on an open market |
| bases. |
| No depreciation is provided in respect of these properties. |
| On an historical cost basis these would have been included at an original cost of £24,655 |
| (2016: £24,655) |
| 6. | Debtors: amounts falling due within one year |
| 30/4/18 | 30/4/17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 30/4/18 | 30/4/17 |
| £ | £ |
| Taxation and social security | ( |
) |
| Other creditors |
| 8. | Provisions for liabilities |
| 30/4/18 | 30/4/17 |
| £ | £ |
| Deferred tax | 157,316 | 191,786 |
| Gale & Betts Limited (Registered number: 00260889) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2018 |
| 8. | Provisions for liabilities - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2017 |
| Credit to Income Statement during year | ( |
) |
| Balance at 30 April 2018 |
| 9. | Reserves |
| Fair |
| value |
| reserve |
| £ |
| At 1 May 2017 |
| Revaluations | (191,500 | ) |
| At 30 April 2018 |
| 10. | Ultimate controlling party |
| There is no overall controlling party. |