GHA Autoservices Limited


FINANCIAL STATEMENTS


for the year ended 30th November 2021



GHA Autoservices Limited

CONTENTS

for the year ended 30th November 2021







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

GHA Autoservices Limited

Company No. 04963400

STATEMENT OF FINANCIAL POSITION

as at 30th November 2021

20212020
Note£££
FIXED ASSETS
Property, plant and equipment45475744459
5475744459
CURRENT ASSETS
Cash at bank and in hand4923657361
4923657361
CURRENT LIABILITIES
Creditors: amounts falling due
within one year58999246514
NET CURRENT (LIABILITIES)/ASSETS(40756)10847
TOTAL ASSETS LESS CURRENT LIABILITIES1400155306
 
Creditors: amounts falling due
after more than one year6-40000
 
NET ASSETS1400115306
 
CAPITAL AND RESERVES
Called up share capital11
Retained earnings1400015305
SHAREHOLDERS FUNDS1400115306

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th November 2021 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 25 July 2022


M Fraser

Director

Company Number 04963400 (England)

GHA Autoservices Limited

NOTES TO THE ACCOUNTS

for the year ended 30th November 2021


1   Statutory information

GHA Autoservices Limited is a private company limited by shares and registered under company number 04963400 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles15% - 25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 1 (2020 - 1).

4   Property, plant and equipment
 
Plant
Motorand
VehiclesMachineryTotal
£££
Cost
At 1st December 2020 1713922523173915
Additions28500-28500
Disposals122000-(122000)
At 30th November 202177892252380415
 
Depreciation
At 1st December 2020 1273182138129456
Charge for year181445818202
On disposals122000-(122000)
At 30th November 202123462219625658
 
Net Book Value
At 30th November 20215443032754757
At 30th November 20204407438544459

5   Creditors: amounts falling due within one year20212020
££
 
Loans and Overdrafts40000-
Other creditors4999246514
8999246514

6   Creditors: amounts falling due after one year20212020
££
 
Loans and Overdrafts-40000
-40000

7   Loans20212020
££
Analysis of maturity of debt:
 
Within one year40000-
Between one and five years-40000
4000040000

8   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20212020
££
 
M Fraser4153017692
4153017692

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