Garfunkel & Wanderer Limited - Limited company - abbreviated - 11.9

Garfunkel & Wanderer Limited - Limited company - abbreviated - 11.9

GARFUNKEL & WANDERER LIMITED - Company Information

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REGISTERED NUMBER: 00702706















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

GARFUNKEL & WANDERER LIMITED

GARFUNKEL & WANDERER LIMITED (REGISTERED NUMBER: 00702706)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GARFUNKEL & WANDERER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2015







DIRECTORS: M Garfunkel
B Garfunkel





SECRETARY: M Garfunkel





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 00702706





ACCOUNTANTS: Shaw Accounting Services Ltd
7 St. John's Road
Harrow
Middlesex
HA1 2EY
Page 1
GARFUNKEL & WANDERER LIMITED (REGISTERED NUMBER: 00702706)

ABBREVIATED BALANCE SHEET
30 JUNE 2015

30.6.15 30.6.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 100,185 104,319
Investments 3 45,611 95,037
145,796 199,356

CURRENT ASSETS
Stocks 41,880 57,970
Debtors 344,149 370,768
Cash at bank and in hand 469,783 303,390
855,812 732,128
CREDITORS
Amounts falling due within one year 169,821 278,674
NET CURRENT ASSETS 685,991 453,454
TOTAL ASSETS LESS CURRENT
LIABILITIES
831,787
652,810

CAPITAL AND RESERVES
Called up share capital 4 7,500 7,500
Profit and loss account 824,287 645,310
SHAREHOLDERS' FUNDS 831,787 652,810

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 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 8 March 2016 and were signed on its behalf by:




M Garfunkel - Director


The notes form part of these abbreviated accounts

Page 2
GARFUNKEL & WANDERER LIMITED (REGISTERED NUMBER: 00702706)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015


1. ACCOUNTING POLICIES

Accounting convention
The accounts have been prepared under the historical cost convention, as modified by the revaluation of the
freehold investment property, and in accordance with the requirements of the Companies Act 1985 and
applicable accounting standards.


Turnover
Turnover represents net invoiced sales of goods, 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.

Land and buildings - 2% on cost
Plant and machinery etc - 33 % reducing balance and 20% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

Current asset investments
The investments are stated at the lower of cost and net realisable value.


Foreign currencies
Assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling
on the balance sheet date.

Transactions in foreign currencies are recorded at the rate ruling on the date of the transaction. All differences
are taken to the profit and loss account.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014
and 30 June 2015 208,601
DEPRECIATION
At 1 July 2014 104,282
Charge for year 4,134
At 30 June 2015 108,416
NET BOOK VALUE
At 30 June 2015 100,185
At 30 June 2014 104,319

Page 3 continued...
GARFUNKEL & WANDERER LIMITED (REGISTERED NUMBER: 00702706)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2015


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 July 2014 95,037
Disposals (49,426 )
At 30 June 2015 45,611
NET BOOK VALUE
At 30 June 2015 45,611
At 30 June 2014 95,037

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.15 30.6.14
value: £    £   
15,000 Ordinary £1 7,500 7,500

5. CONTROLLING PARTIES

Control of the company is vested in the directors.

Page 4