Gillespie People Solutions Limited - Period Ending 2015-05-31

Registration number: SC400088

Gillespie People Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2015
 

AIMS Accountants for Business
12 Ravenshall
Cleland
Motherwell
Lanarkshire
ML1 5HT

Gillespie People Solutions Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Gillespie People Solutions Limited
(Registration number: SC400088)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,505			1,803
Current assets
Debtors					51,254			14,041
Cash at bank and in hand					38,481			15,470
					89,735			29,511
Creditors: Amounts falling due within one year					(32,968)			(17,435)
Net current assets					56,767			12,076
Total assets less current liabilities					58,272			13,879
Provisions for liabilities					(219)			(360)
Net assets					58,053			13,519
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					58,052			13,518
Shareholders' funds					58,053			13,519

For the year ending 31 May 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 director acknowledges her 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 director on 29 February 2016

.........................................
Mrs Hazel Gillespie
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Gillespie People Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 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 April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Office Equipment	25% straight line

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		2,626			2,626
Additions		410			410
At 31 May 2015		3,036			3,036
Depreciation
At 1 June 2014		823			823
Charge for the year		708			708
At 31 May 2015		1,531			1,531
Net book value
At 31 May 2015		1,505			1,505
At 31 May 2014		1,803			1,803

Page 2

Gillespie People Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3