Alexander (Gatwick) Limited - Period Ending 2015-12-31

Registration number: 00965062

Alexander (Gatwick) Limited

trading as Alexander Gatwick Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Composure Accounting and Taxation Limited
Chartered Accountants & Chartered Tax Advisers
Wildens
Coneyhurst Road
Billingshurst
West Sussex
RH14 9DE

Alexander (Gatwick) Limited
trading as Alexander Gatwick Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Alexander (Gatwick) Limited
trading as Alexander Gatwick Ltd
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Alexander (Gatwick) Limited for the year ended 31 December 2015 set out on pages 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 Alexander (Gatwick) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Alexander (Gatwick) Limited and state those matters that we have agreed to state to them, 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 Alexander (Gatwick) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Alexander (Gatwick) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Alexander (Gatwick) Limited. You consider that Alexander (Gatwick) Limited 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 accounts of Alexander (Gatwick) Limited. 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 accounts.

......................................

Composure Accounting and Taxation Limited
Chartered Accountants & Chartered Tax Advisers
Wildens
Coneyhurst Road
Billingshurst
West Sussex
RH14 9DE

15 February 2016

Page 1

Alexander (Gatwick) Limited
trading as Alexander Gatwick Ltd
(Registration number: 00965062)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					31,479			32,584
Current assets
Cash at bank and in hand					465,963			447,939
Creditors: Amounts falling due within one year					(124,862)			(119,116)
Net current assets					341,101			328,823
Total assets less current liabilities					372,580			361,407
Creditors: Amounts falling due after more than one year					(258,813)			(336,727)
Provisions for liabilities					(165)			(33)
Net assets					113,602			24,647
Capital and reserves
Called up share capital		3			100,000			100,000
Capital redemption reserve					41			41
Profit and loss account					13,561			(75,394)
Shareholders' funds					113,602			24,647

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 15 February 2016 and signed on its behalf by:

.........................................
Mr EM Sillett
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Alexander (Gatwick) Limited
trading as Alexander Gatwick Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold property	2% straight line
Office and IT equipment	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Alexander (Gatwick) Limited
trading as Alexander Gatwick Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		88,595			88,595
Additions		888			888
At 31 December 2015		89,483			89,483
Depreciation
At 1 January 2015		56,011			56,011
Charge for the year		1,993			1,993
At 31 December 2015		58,004			58,004
Net book value
At 31 December 2015		31,479			31,479
At 31 December 2014		32,584			32,584

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
£1 ordinary share of £1 each		100,000			100,000			100,000			100,000

Page 4