Gabriele Skelton Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02272042 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

GABRIELE SKELTON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms K Beasley

SECRETARY:

Ms K Beasley

REGISTERED OFFICE:

Henry Wood House

2 Riding House Street

London

W1W 7FA

REGISTERED NUMBER:

02272042 (England and Wales)

ACCOUNTANTS:

Business Orchard

Chartered Accountants

3a Chestnut House

Farm Close

Shenley

Hertfordshire

WD7 9AD

FIXED ASSETS

Tangible assets

2

52,343

61,582

CURRENT ASSETS

Debtors

659,407

724,036

Cash at bank

92,882

7,057

752,289

731,093

CREDITORS

Amounts falling due within one year

3

444,911

422,079

NET CURRENT ASSETS

307,378

309,014

TOTAL ASSETS LESS CURRENT LIABILITIES

359,721

370,596

PROVISIONS FOR LIABILITIES

9,105

10,653

NET ASSETS

350,616

359,943

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Share premium

19,075

19,075

Profit and loss account

330,541

339,868

SHAREHOLDERS' FUNDS

350,616

359,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 11 March 2016 and were signed by:

Ms K Beasley - 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 sales of services, 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Factored debts

Part of the company's debts are factored by Barclays Factors. Gross debts are shown as part of the trade debtors

balance, whilst proceeds from the factor are shown in the Barclays Factor account within creditors.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

273,540

Additions

2,466

At 30 June 2015

276,006

DEPRECIATION

At 1 July 2014

211,958

Charge for year

11,705

At 30 June 2015

223,663

NET BOOK VALUE

At 30 June 2015

52,343

At 30 June 2014

61,582

3.

CREDITORS

Creditors include an amount of £ 0 (30.6.14 - £ 5,586 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

5.	ULTIMATE CONTROLLING PARTY