18/02/2018 2018-02-18 false false false false false false false false false true true false false true false false false false false false false false No description of principal activities is disclosed 2017-02-19 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 5670043 2017-02-19 2018-02-18 5670043 2018-02-18 5670043 2017-02-18 5670043 core:FurnitureFittingsToolsEquipment 2017-02-19 2018-02-18 5670043 bus:RegisteredOffice 2017-02-19 2018-02-18 5670043 bus:OrdinaryShareClass1 2017-02-19 2018-02-18 5670043 bus:LeadAgentIfApplicable 2017-02-19 2018-02-18 5670043 bus:Director1 2017-02-19 2018-02-18 5670043 bus:Director2 2017-02-19 2018-02-18 5670043 bus:CompanySecretary1 2017-02-19 2018-02-18 5670043 core:FurnitureFittingsToolsEquipment 2018-02-18 5670043 core:WithinOneYear 2018-02-18 5670043 core:WithinOneYear 2017-02-18 5670043 core:ShareCapital 2018-02-18 5670043 core:ShareCapital 2017-02-18 5670043 core:RetainedEarningsAccumulatedLosses 2018-02-18 5670043 core:RetainedEarningsAccumulatedLosses 2017-02-18 5670043 bus:OrdinaryShareClass1 core:ShareCapital 2018-02-18 5670043 bus:OrdinaryShareClass1 core:ShareCapital 2017-02-18 5670043 core:FurnitureFittingsToolsEquipment 2017-02-18 5670043 bus:SmallEntities 2017-02-19 2018-02-18 5670043 bus:AuditExemptWithAccountantsReport 2017-02-19 2018-02-18 5670043 bus:FullAccounts 2017-02-19 2018-02-18 5670043 bus:SmallCompaniesRegimeForAccounts 2017-02-19 2018-02-18 5670043 bus:EntityNoLongerTradingButTradedInPast 2017-02-19 2018-02-18 5670043 bus:PrivateLimitedCompanyLtd 2017-02-19 2018-02-18 5670043 1 2017-02-19 2018-02-18
Company registration number: 5670043
Gerrard Practical Health and Safety Management Limited
Unaudited filleted financial statements
18 February 2018
Gerrard Practical Health and Safety Management Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Gerrard Practical Health and Safety Management Limited
Directors and other information
Directors T. G. Gerrard
H. Gerrard
Secretary H. Gerrard
Company number 5670043
Registered office Riverside Offices
26 St. Georges Quay
Lancaster
LA1 1RD
Business address 3 Prospect Grove
Morecambe
Lancashire
LA4 5SD
Accountants Paul Clegg & Company
Riverside Offices
Second Floor, 26 St. George's Quay
Lancaster
Lancashire
LA1 1RD
Bankers Lloyds TSB
4, Market Street East,
Morecambe
Lancashire
Gerrard Practical Health and Safety Management Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Gerrard Practical Health and Safety Management Limited
Year ended 18 February 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gerrard Practical Health and Safety Management Limited for the year ended 18 February 2018 which comprise the statement of financial position and 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, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.
This report is made solely to the board of directors of Gerrard Practical Health and Safety Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Gerrard Practical Health and Safety Management Limited and state those matters that we have agreed to state to the board of directors of Gerrard Practical Health and Safety Management Limited as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gerrard Practical Health and Safety Management Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Gerrard Practical Health and Safety Management 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 profit of Gerrard Practical Health and Safety Management Limited. You consider that Gerrard Practical Health and Safety Management 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 Gerrard Practical Health and Safety Management 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.
Paul Clegg & Company
Riverside Offices
Second Floor, 26 St. George's Quay
Lancaster
Lancashire
LA1 1RD
23 March 2018
Gerrard Practical Health and Safety Management Limited
Statement of financial position
18 February 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 4 4 4
_______ _______
4 4
Current assets
Cash at bank and in hand 39 39
_______ _______
39 39
Creditors: amounts falling due
within one year 5 ( 24,105) ( 24,105)
_______ _______
Net current liabilities ( 24,066) ( 24,066)
_______ _______
Total assets less current liabilities ( 24,062) ( 24,062)
_______ _______
Net liabilities ( 24,062) ( 24,062)
_______ _______
Capital and reserves
Called up share capital 6 100 100
Profit and loss account ( 24,162) ( 24,162)
_______ _______
Shareholders deficit ( 24,062) ( 24,062)
_______ _______
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 18 February 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 March 2018 , and are signed on behalf of the board by:
T. G. Gerrard
Director
Company registration number: 5670043
Gerrard Practical Health and Safety Management Limited
Notes to the financial statements
Year ended 18 February 2018
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Riverside Offices, 26 St. Georges Quay, Lancaster, LA1 1RD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in equity during the current year or prior year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 19 February 2017 and 18 February 2018 1,375 1,375
_______ _______
Depreciation
At 19 February 2017 and 18 February 2018 1,371 1,371
_______ _______
Carrying amount
At 18 February 2018 4 4
_______ _______
At 18 February 2017 4 4
_______ _______
5. Creditors: amounts falling due within one year
2018 2017
£ £
Corporation tax 22,329 22,329
Social security and other taxes 1,620 1,620
Other creditors 156 156
_______ _______
24,105 24,105
_______ _______
6. Called up share capital
Issued, called up and fully paid
2018 2017
No £ No £
Ordinary shares shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
7. Controlling party
The company is controlled by its directors who are the sole shareholders .