Registered number
10837474
GAS MARK SERVICES INC LIMITED
Financial Statements
For the Year Ended
30 June 2023
GAS MARK SERVICES INC LIMITED
Company Information
Director
M.Wooding
Accountants
RJT Accountancy Limited
4 Woodridge Avenue
Allesley Green
Coventry
CV5 7PN
Bankers
Barclays Bank plc
Leicester
LE87 2BB
Registered office
65 Wellesbourne Road
Coventry
CV5 7HN
Registered number
10837474
GAS MARK SERVICES INC LIMITED
Registered number: 10837474
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,520 11,685
Current assets
Debtors 4 875 857
Cash at bank and in hand 934 4,479
1,809 5,336
Creditors: amounts falling due within one year 5 (14,109) (16,552)
Net current liabilities (12,300) (11,216)
Total assets less current liabilities (1,780) 469
Creditors: amounts falling due after more than one year 6 (4,587) (7,137)
Provisions for liabilities (1,999) (2,220)
Net liabilities (8,366) (8,888)
Capital and reserves
Called up share capital 1 1
Profit and loss account (8,367) (8,889)
Shareholder's funds (8,366) (8,888)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors report and profit and loss account have not been delivered to the Registrar of Companies.
M.Wooding
Director
Approved by the board on 10 March 2024
GAS MARK SERVICES INC LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of each job.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, 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:
Motor Vehicles over 4 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 July 2022 3,820 15,350 19,170
Additions 2,202 - 2,202
Disposals (1,008) - (1,008)
At 30 June 2023 5,014 15,350 20,364
Depreciation
At 1 July 2022 2,135 5,350 7,485
Charge for the year 1,186 2,000 3,186
On disposals (827) - (827)
At 30 June 2023 2,494 7,350 9,844
Net book value
At 30 June 2023 2,520 8,000 10,520
At 30 June 2022 1,685 10,000 11,685
4 Debtors 2023 2022
£ £
Other debtors 875 857
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,350 2,350
Obligations under finance lease and hire purchase contracts 200 200
Trade creditors 130 1,222
Other creditors 11,429 12,780
14,109 16,552
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 4,504 6,854
Obligations under finance lease and hire purchase contracts 83 283
4,587 7,137
7 Controlling party
The company is under the control of M.Wooding.
8 Other information
GAS MARK SERVICES INC LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
65 Wellesbourne Road
Coventry
CV5 7HN
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