Godfrey and Lappage Services Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03858926 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 NOVEMBER 2014 TO 31 DECEMBER 2015

FOR

GODFREY AND LAPPAGE SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Godfrey

M Lappage

REGISTERED OFFICE:

115b Drysdale Street

Hoxton

London

N1 6ND

REGISTERED NUMBER:

03858926 (England and Wales)

ACCOUNTANTS:

P J Marks and Co. Ltd

Chartered Certified Accountants

115b Drysdale Street

Hoxton

London

N1 6ND

FIXED ASSETS

Tangible assets

2

36,053

32,805

CURRENT ASSETS

Stocks

83,000

67,290

Debtors

320,093

217,714

Cash at bank and in hand

93,803

29,216

496,896

314,220

CREDITORS

Amounts falling due within one year

439,214

242,032

NET CURRENT ASSETS

57,682

72,188

TOTAL ASSETS LESS CURRENT LIABILITIES

93,735

104,993

CREDITORS

Amounts falling due after more than one year

5,997

4,885

NET ASSETS

87,738

100,108

CAPITAL AND RESERVES

Called up share capital

3

5,000

5,000

Profit and loss account

82,738

95,108

SHAREHOLDERS' FUNDS

87,738

100,108

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 25 February 2016 and were signed on its behalf by:

A Godfrey - Director

M Lappage - 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

100,319

Additions

16,387

Disposals

(26,815

)

At 31 December 2015

89,891

DEPRECIATION

At 1 November 2014

67,514

Charge for period

13,135

Eliminated on disposal

(26,811

)

At 31 December 2015

53,838

NET BOOK VALUE

At 31 December 2015

36,053

At 31 October 2014

32,805

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

5,000

Ordinary

£1

5,000

5,000