GGP Law Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08230946 (England and Wales)

GGP LAW LTD

T/A

GWYN GEORGE PARTNERSHIP

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

G George

Ms S E Green

G Insley

REGISTERED OFFICE:

The Bee Hive

11a Victoria Square

Aberdare

CF44 7LA

REGISTERED NUMBER:

08230946 (England and Wales)

ACCOUNTANTS:

Bevan & Buckland

Chartered Accountants

Langdon House

Langdon Road

SA1 Swansea Waterfront

Swansea

SA1 8QY

FIXED ASSETS

Intangible assets

2

296,250

-

Tangible assets

3

34,979

-

331,229

-

CURRENT ASSETS

Stocks

280,000

-

Debtors

63,345

3

Cash at bank and in hand

231

-

343,576

3

CREDITORS

Amounts falling due within one year

341,958

-

NET CURRENT ASSETS

1,618

3

TOTAL ASSETS LESS CURRENT LIABILITIES

332,847

3

CREDITORS

Amounts falling due after more than one year

313,401

-

NET ASSETS

19,446

3

CAPITAL AND RESERVES

Called up share capital

4

3

3

Profit and loss account

19,443

-

SHAREHOLDERS' FUNDS

19,446

3

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 September 2015 and were signed on its behalf by:

G George - Director

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 net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, 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 etc

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

300,000

At 30 September 2014

300,000

AMORTISATION

Amortisation for year

3,750

At 30 September 2014

3,750

NET BOOK VALUE

At 30 September 2014

296,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

38,383

At 30 September 2014

38,383

DEPRECIATION

Charge for year

3,404

At 30 September 2014

3,404

NET BOOK VALUE

At 30 September 2014

34,979

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

NIL

Ordinary

£1

-

3

1

Ordinary A

£1

1

-

1

Ordinary B

£1

1

-

1

Ordinary C

£1

1

-

3

3

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of GGP Law Ltd for the year ended 30 September 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of GGP Law Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GGP Law Ltd and state those matters that we have agreed to state to the Board of Directors of GGP Law Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GGP Law Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GGP Law Ltd. You consider that GGP Law Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GGP Law Ltd. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Bevan & Buckland

Chartered Accountants

Langdon House

Langdon Road

SA1 Swansea Waterfront

Swansea

SA1 8QY

30 September 2015