| Genki Gear Limited |
| Registered number: |
05475123 |
| Abbreviated Balance Sheet |
| as at 31 May 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,189 |
|
|
1,585 |
|
| Current assets |
| Stocks |
|
|
12,412 |
|
|
12,091 |
| Debtors |
|
|
2,004 |
|
|
523 |
| Cash at bank and in hand |
|
|
33,954 |
|
|
25,453 |
|
|
|
48,370 |
|
|
38,067 |
|
| Creditors: amounts falling due within one year |
|
|
(28,263) |
|
|
(20,399) |
|
| Net current assets |
|
|
|
20,107 |
|
|
17,668 |
|
| Total assets less current liabilities |
|
|
|
21,296 |
|
|
19,253 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(12,212) |
|
|
(10,946) |
|
|
|
| Net assets |
|
|
|
9,084 |
|
|
8,307 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
9,082 |
|
|
8,305 |
|
| Shareholders' funds |
|
|
|
9,084 |
|
|
8,307 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mrs L English |
| Director |
| Approved by the board on 9 November 2015 |
|
| Genki Gear Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% Reducing Balance |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2014 |
4,957 |
|
At 31 May 2015 |
4,957 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2014 |
3,372 |
|
Charge for the year |
396 |
|
At 31 May 2015 |
3,768 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2015 |
1,189 |
|
At 31 May 2014 |
1,585 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
