G. Gates Ltd - Limited company - abbreviated - 11.9
G. Gates Ltd - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| G. GATES LTD |
| ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2015 |
| G. GATES LTD (REGISTERED NUMBER: 08314129) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| G. GATES LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| G. GATES LTD (REGISTERED NUMBER: 08314129) |
| ABBREVIATED BALANCE SHEET |
| 31 MAY 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| G. GATES LTD (REGISTERED NUMBER: 08314129) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MAY 2015 |
| 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 financial statements were approved by the director on |
| G. GATES LTD (REGISTERED NUMBER: 08314129) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2015 |
| 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). |
| Investments held as fixed assets are shown at cost less provision for impairment. Investments |
| represent the company's capital account in Westgate Solar Control and are stated at cost, plus |
| allocated profits, less drawings to date, plus any revaluation. Revaluations are taken to the revaluation |
| reserve. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 2015 | 2014 |
| £ | £ |
| Cost/valuation b/f | 1,196,945 | - |
| Additions | - | 728,056 |
| Share of profit/(loss) | 579,273 | 673,909 |
| Priof year adjustment to profit/(loss) | 21,798 | - |
| Drawings | (297,540 | ) | (205,021 | ) |
| 3. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable otherwise than by instalments | 510,424 | - |
| Details of shares shown as liabilities are as follows: |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| B shares | £1 |
| The B shares represent non-equity interests stated at par value. No dividends are payable on the B |
| shares and they have no vote. On a liquidation, winding up or dissolution the holders of the B shares |
| shall only be entitled to receive the amount credited as paid up on each share. |
| The holders of the B shares may require the company, by serving on it a notice in writing (redemption |
| notice), to redeem such amount of the B shares as specified in the redemption notice. The shares are |
| redeemable at par value, and during the year 415,000 B shares were redeemed. |
| G. GATES LTD (REGISTERED NUMBER: 08314129) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MAY 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the year ended 31 May 2015 and the |
| period ended 31 May 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |