Company registration number 05902179 (England and Wales)
G.D. AMASS & SONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
G.D. AMASS & SONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
G.D. AMASS & SONS LTD
BALANCE SHEET
AS AT 31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,417
35,521
Current assets
Stocks
5,000
5,000
Debtors
4
46,780
40,082
Cash at bank and in hand
11,414
8,623
63,194
53,705
Creditors: amounts falling due within one year
5
(46,060)
(54,675)
Net current assets/(liabilities)
17,134
(970)
Total assets less current liabilities
45,551
34,551
Creditors: amounts falling due after more than one year
6
(32,235)
(32,235)
Net assets
13,316
2,316
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
13,314
2,314
Total equity
13,316
2,316
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 6 March 2024
Ms Marion Amass
Director
Company registration number 05902179 (England and Wales)
G.D. AMASS & SONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information
G.D. Amass & Sons Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Gautam House, 1 - 3 Shenley Avenue, Ruislip Manor, Middlesex, HA4 6BP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% on cost
Computers
20% on cost
Motor vehicles
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
G.D. AMASS & SONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 3 -
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 September 2022 and 31 August 2023
94,567
1,355
9,389
105,311
Depreciation and impairment
At 1 September 2022
59,740
661
9,389
69,790
Depreciation charged in the year
6,965
139
7,104
At 31 August 2023
66,705
800
9,389
76,894
Carrying amount
At 31 August 2023
27,862
555
28,417
At 31 August 2022
34,827
694
35,521
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
39,079
Other debtors
7,701
40,082
46,780
40,082
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
6,562
1,058
Other creditors
39,498
53,617
46,060
54,675
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
32,235
32,235