Abbreviated Company Accounts - GOLDFINCH GROUP SERVICES LIMITED

GOLDFINCH GROUP SERVICES LIMITED - Company Information

05240352 GOLDFINCH GROUP SERVICES LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 05240352 2013-10-01 2014-09-30 05240352 2014-09-30 05240352 2013-09-30 05240352 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 05240352 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 05240352

GOLDFINCH GROUP SERVICES LIMITED

Abbreviated Accounts

30 September 2014

GOLDFINCH GROUP SERVICES LIMITED Registered Number 05240352

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	20,000	24,000
Tangible assets	3	27,033	20,878
		47,033	44,878
Current assets
Stocks		23,750	12,175
Debtors		16,188	20,092
Cash at bank and in hand		18,613	7,938
		58,551	40,205
Creditors: amounts falling due within one year		(39,914)	(36,375)
Net current assets (liabilities)		18,637	3,830
Total assets less current liabilities		65,670	48,708
Total net assets (liabilities)		65,670	48,708
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		65,570	48,608
Shareholders' funds		65,670	48,708

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 June 2015

And signed on their behalf by:
Mr Duncan McGhee, Director

GOLDFINCH GROUP SERVICES LIMITED Registered Number 05240352

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance per annum
Fixtures, fittings & equipment - 25% reducing balance per annum.

Other accounting policies
Compliance with accounting standards:
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Goodwill:
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 October 2013	40,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	40,000
Amortisation
At 1 October 2013	16,000
Charge for the year	4,000
On disposals	-
At 30 September 2014	20,000
Net book values
At 30 September 2014	20,000
At 30 September 2013	24,000

3Tangible fixed assets

	£
Cost
At 1 October 2013	40,232
Additions	15,167
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	55,399
Depreciation
At 1 October 2013	19,354
Charge for the year	9,012
On disposals	-
At 30 September 2014	28,366
Net book values
At 30 September 2014	27,033
At 30 September 2013	20,878

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100