Giga Solutions Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02801390 (England and Wales)

GIGA SOLUTIONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr R H Dhokia

SECRETARY:

Mrs H R Dhokia

REGISTERED OFFICE:

Enterprise House

Courtaulds Way

Coventry

West Midlands

CV6 5NX

REGISTERED NUMBER:

02801390 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Tangible assets

2

1,246

2,492

CURRENT ASSETS

Stocks

23,232

25,209

Debtors

126,090

190,373

Cash at bank and in hand

426,891

350,405

576,213

565,987

CREDITORS

Amounts falling due within one year

479,611

445,978

NET CURRENT ASSETS

96,602

120,009

TOTAL ASSETS LESS CURRENT LIABILITIES

97,848

122,501

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

97,846

122,499

SHAREHOLDERS' FUNDS

97,848

122,501

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 1 December 2015 and were signed by:

Mr R H Dhokia - 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.

Plant and machinery

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

27,747

DEPRECIATION

At 1 April 2014

25,255

Charge for year

1,246

At 31 March 2015

26,501

NET BOOK VALUE

At 31 March 2015

1,246

At 31 March 2014

2,492

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £32,268 (2014: £33,785) owed to Mr R Dhokia, the director. The amount is

interest free with no set terms for repayment.