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REGISTERED NUMBER: 07957842 (England and Wales)













Unaudited Financial Statements for the Year Ended 28 February 2018

for

G K Specialists Limited

G K Specialists Limited (Registered number: 07957842)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


G K Specialists Limited

Company Information
for the Year Ended 28 February 2018







DIRECTORS: S F R Beadman
Mrs B P Beadman





REGISTERED OFFICE: Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS





REGISTERED NUMBER: 07957842 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
G K Specialists 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 Directors' Report are not
required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for
your approval the financial statements of G K Specialists Limited for the year ended
28 February 2018 which comprise the Profit and Loss account, Balance Sheet and the related
notes from the company's accounting records and from information and explanations you have
given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of G K Specialists Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G K Specialists Limited and state those matters that we have agreed to state to the Board of Directors of G K Specialists Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G K Specialists Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G K Specialists Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of G K Specialists Limited. You consider that G K Specialists Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G K Specialists Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


13 November 2018

G K Specialists Limited (Registered number: 07957842)

Balance Sheet
28 February 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 223 263

CURRENT ASSETS
Debtors 5 346 366
Cash at bank 2,963 8,235
3,309 8,601
CREDITORS
Amounts falling due within one year 6 (18,258 ) (16,694 )
NET CURRENT LIABILITIES (14,949 ) (8,093 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,726

)

(7,830

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,826 ) (7,930 )
(14,726 ) (7,830 )

G K Specialists Limited (Registered number: 07957842)

Balance Sheet - continued
28 February 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors on 13 November 2018 and were
signed on its behalf by:




S F R Beadman - Director



Mrs B P Beadman - Director


G K Specialists Limited (Registered number: 07957842)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

G K Specialists 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and
Loss account, 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.

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.

G K Specialists Limited (Registered number: 07957842)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

2. ACCOUNTING POLICIES - continued

Going concern
At 28 February 2018 there were net current liabilities amounting to £14,949 and a deficiency
of assets amounting to £14,726. The company was dependant upon the continuing financial
support of the directors. The directors have confirmed that they will continue to support the
company and as such the accounts have been prepared on a going concern basis. The
accounts do not include any adjustments which would result from a withdrawal of the
directors financial support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 March 2017
and 28 February 2018 518
DEPRECIATION
At 1 March 2017 255
Charge for year 40
At 28 February 2018 295
NET BOOK VALUE
At 28 February 2018 223
At 28 February 2017 263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 24
Other debtors 346 342
346 366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security - 436
Other creditors 18,258 16,258
18,258 16,694