Giant Accounts Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06066296 (England and Wales)

GIANT ACCOUNTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M McAllister

M Henry

REGISTERED OFFICE:

7th Floor

3 Harbour Exchange Square

Isle of Dogs

London

E14 9TQ

REGISTERED NUMBER:

06066296 (England and Wales)

ACCOUNTANTS:

Joseph Kahan Associates LLP

Chartered Accountants

923 Finchley Road

London

NW11 7PE

FIXED ASSETS

Tangible assets

2

405

226

CURRENT ASSETS

Debtors

137,176

25,304

Cash at bank

39,584

24,761

176,760

50,065

CREDITORS

Amounts falling due within one year

120,109

41,999

NET CURRENT ASSETS

56,651

8,066

TOTAL ASSETS LESS CURRENT LIABILITIES

57,056

8,292

CAPITAL AND RESERVES

Called up share capital

3

800

800

Capital redemption reserve

200

200

Profit and loss account

56,056

7,292

SHAREHOLDERS' FUNDS

57,056

8,292

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26 February 2016 and were signed on its behalf by:

M Henry - 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 value of services rendered, 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.

Computer equipment

-

33.33% p.a. on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

2,023

Additions

589

At 31 May 2015

2,612

DEPRECIATION

At 1 June 2014

1,797

Charge for year

410

At 31 May 2015

2,207

NET BOOK VALUE

At 31 May 2015

405

At 31 May 2014

226

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

800

Ordinary

£1

800

800

4.	TRANSACTIONS WITH DIRECTORS

Included in cost of sales was an amount totalling £Nil (2014: £2,981) relating to services provided by Giant

Transactions Limited, a subsidiary of Giant Group PLC, in which the director has an interest.

Included in expenditure is an amount totalling £5,212 (2014: £4,445) relating to services provided by Giant

Professional Limited, a subsidiary of Giant Group PLC, in which the director has an interest. Included in

creditors is an amount of £6,952 (2014 - £Nil).

Included in expenditure is an amount of £56,083 (2014 - £21,000) relating to services provided by Giant

Precision Limited, a company in which one of the directors, Mark McAllister, has an interest. Included in

creditors is an amount fo £59,779 (2014 - £Nil).