GERALD FRANCIS LIMITED Accounts filed on 30-11-2014

GERALD FRANCIS LIMITED Accounts filed on 30-11-2014

GERALD FRANCIS LIMITED - Company Information

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GERALD FRANCIS LIMITED




Company Registration Number:
07443860 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st December 2013

End date: 30th November 2014

SUBMITTED

GERALD FRANCIS LIMITED

Company Information
for the Period Ended 30th November 2014




Director: Simon Hunt
Lee Bishop
Registered office: 145-157 St. John Street
London
EC1V 4PW
Company Registration Number: 07443860 (England and Wales)

GERALD FRANCIS LIMITED

Abbreviated Balance sheet
As at 30th November 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 2 0 0
Total fixed assets: 0 0
Current assets
Stocks: 203,970 162,389
Debtors: 24,018 12,450
Cash at bank and in hand: 430 166
Total current assets: 228,418 175,005
Creditors
Creditors: amounts falling due within one year 266,915 198,067
Net current assets (liabilities): ( 38,497 ) ( 23,062 )
Total assets less current liabilities: ( 38,497 ) ( 23,062 )
Total net assets (liabilities): ( 38,497 ) ( 23,062 )

The notes form part of these financial statements

GERALD FRANCIS LIMITED

Abbreviated Balance sheet
As at 30th November 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 3 1 1
Profit and Loss account: ( 38,498 ) ( 23,063 )
Total shareholders funds: ( 38,497 ) ( 23,062 )

For the year ending 30 November 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 17 August 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Simon Hunt
Status: Director

The notes form part of these financial statements

GERALD FRANCIS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2014

  • 1. Accounting 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 Standards for Smaller Entities (effective April 2008).

    Turnover policy

    Turnover represents the value, net of VAT and discounts, of goods and services provided to customers. For long term contracts, revenue is recognised when a right to the consideration exists based on the value of the work done at the year end.

    Tangible fixed assets depreciation policy

    Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures and fittings 33% per annum straight line Plant and machinery 33% per annum straight line

    Valuation information and policy

    Stock is valued at the lower of cost and net realisable value. Net realisable value for ongoing development projects has been ascertained on a percentage completion basis, by comparison with expected revenues. Expected losses are provided for in full.

    Other accounting policies

    Going Concern. The company plans to cease trading in the following period and therefore the financial statements haven't been prepared on a going concern basis except that it continues to receive support from its directors and therefore its liabilities are expected to be met as they fall due.

GERALD FRANCIS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2014

  • 2. Tangible assets

    Total
    Cost £
    At 01st December 2013: 2,176
    Additions: 0
    At 30th November 2014: 2,176
    Depreciation
    At 01st December 2013: 2,176
    Charge for year: 0
    At 30th November 2014: 2,176
    Net book value
    At 30th November 2014: 0
    At 30th November 2013: 0

GERALD FRANCIS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2014

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 0.50
    0.50
    		1
    Total share capital: 1
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 0.50
    0.50
    		1
    Total share capital: 1