Gainsmore Limited - Limited company - abbreviated - 11.6
Gainsmore Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st December 2014 |
| for |
| Gainsmore Limited |
| Gainsmore Limited (Registered number: 06224420) |
| Contents of the Abbreviated Accounts |
| for the year ended 31st December 2014 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| Gainsmore Limited (Registered number: 06224420) |
| Abbreviated Balance Sheet |
| 31st December 2014 |
| 31.12.14 | 31.12.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Gainsmore Limited (Registered number: 06224420) |
| Abbreviated Balance Sheet - continued |
| 31st December 2014 |
| The financial statements were approved by the director on |
| Gainsmore Limited (Registered number: 06224420) |
| Notes to the Abbreviated Accounts |
| for the year ended 31st December 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared on a going concern basis, the bank have confirmed that they will |
| continue to support the company. The statements do not reflect a withdrawal of this facility. |
| Turnover |
| Turnover relates to commissions received from members of the buying group net of VAT and trade discounts. |
| Turnover is relatively small compared to trade debtors and creditors, this is because the company buys and sells |
| the goods on behalf of their clients and the income the company receives is the commission on these transactions. |
| Goodwill |
| Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equip | - |
| Deferred tax |
| Deferred tax is provided in full respect of taxation deferred by timing differences between the treatment of |
| certain items for taxation and accounting purposes. The deferred tax balance has not been discounted. |
| Leasing |
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st January 2014 |
| and 31st December 2014 |
| AMORTISATION |
| At 1st January 2014 |
| Amortisation for year |
| At 31st December 2014 |
| NET BOOK VALUE |
| At 31st December 2014 |
| At 31st December 2013 |
| Gainsmore Limited (Registered number: 06224420) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31st December 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st January 2014 |
| Additions |
| At 31st December 2014 |
| DEPRECIATION |
| At 1st January 2014 |
| Charge for year |
| At 31st December 2014 |
| NET BOOK VALUE |
| At 31st December 2014 |
| At 31st December 2013 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
| value: | £ | £ |
| Ordinary | 1 |
| 5. | ULTIMATE PARENT COMPANY |
| 6. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, the company owed an amount of £73,434 to Independent Buyer.Net Limited (2013 - |
| £56,244). |
| 7. | CONTROL |
| The company is under the control of Independent Buyer.net Limited, a company in which R P Walkington is a |
| director and major shareholder. |