Goldfinch Environmental Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05397021 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Goldfinch Environmental Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Sargeant

REGISTERED OFFICE:

2 Wrenshall Cottages

Walsham Le Willows

Bury St Edmunds

Suffolk

IP31 3AS

REGISTERED NUMBER:

05397021 (England and Wales)

ACCOUNTANTS:

KPSK Accounts and Tax Limited

6 Manor Park

Church Road

Gt Barton

Bury St Edmunds

Suffolk

IP31 2QR

FIXED ASSETS

Tangible assets

2

12,961

1,834

CURRENT ASSETS

Debtors

11,535

1,857

Cash at bank

16,918

13,617

28,453

15,474

CREDITORS

Amounts falling due within one year

29,850

10,367

NET CURRENT (LIABILITIES)/ASSETS

(1,397

)

5,107

TOTAL ASSETS LESS CURRENT LIABILITIES

11,564

6,941

PROVISIONS FOR LIABILITIES

122

222

NET ASSETS

11,442

6,719

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

11,342

6,619

SHAREHOLDERS' FUNDS

11,442

6,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 October 2015 and were signed by:

D Sargeant - 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 goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

8,054

Additions

16,054

At 31 March 2015

24,108

DEPRECIATION

At 1 April 2014

6,220

Charge for year

4,927

At 31 March 2015

11,147

NET BOOK VALUE

At 31 March 2015

12,961

At 31 March 2014

1,834

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2015 the company owed £17,150 (2014: £1,452) to Mr D Sargeant, the director.

During the year, net dividends totalling £26,000 were paid to Mr D Sargeant, director and shareholder.