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REGISTERED NUMBER: 04673943 (England and Wales)












GANTSPEED ENGINEERING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 21 SEPTEMBER 2014





Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ








GANTSPEED ENGINEERING LIMITED (REGISTERED NUMBER: 04673943)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 21 SEPTEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GANTSPEED ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 21 SEPTEMBER 2014







DIRECTOR: R N Gant





SECRETARY: P L Croves





REGISTERED OFFICE: Chapel Lane
Mareham Le Fen
Boston
Lincolnshire
PE22 7PZ





REGISTERED NUMBER: 04673943 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ
Page 1
GANTSPEED ENGINEERING LIMITED (REGISTERED NUMBER: 04673943)

ABBREVIATED BALANCE SHEET
21 SEPTEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 12,150 13,500
Tangible assets 3 16,266 18,808
28,416 32,308

CURRENT ASSETS
Stocks 299,667 163,000
Debtors 24,185 20,242
Cash in hand 52 207
323,904 183,449
CREDITORS
Amounts falling due within one year 4 305,469 191,287
NET CURRENT ASSETS/(LIABILITIES) 18,435 (7,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
46,851
24,470

PROVISIONS FOR LIABILITIES 2,711 3,101
NET ASSETS 44,140 21,369

CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and loss account 44,139 21,368
SHAREHOLDERS' FUNDS 44,140 21,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 21 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 21 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 12 June 2015 and were signed by:





R N Gant - Director


The notes form part of these abbreviated accounts

Page 2
GANTSPEED ENGINEERING LIMITED (REGISTERED NUMBER: 04673943)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 21 SEPTEMBER 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically
delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable
value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or
damaged stock where net realisable value is less than cost.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 22 September 2013
and 21 September 2014 27,000
AMORTISATION
At 22 September 2013 13,500
Amortisation for year 1,350
At 21 September 2014 14,850
NET BOOK VALUE

At 21 September 2014 12,150
At 21 September 2013 13,500

Page 3 continued...
GANTSPEED ENGINEERING LIMITED (REGISTERED NUMBER: 04673943)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 21 SEPTEMBER 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 22 September 2013 57,381
Additions 277
At 21 September 2014 57,658
DEPRECIATION
At 22 September 2013 38,573
Charge for year 2,819
At 21 September 2014 41,392
NET BOOK VALUE
At 21 September 2014 16,266
At 21 September 2013 18,808

4. CREDITORS

Creditors include an amount of £ 181,687 (2013 - £ 42,886 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary £1 1 1

Page 4