Greenbox Associates Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 00339626 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Greenbox Associates Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

Ms R Mitchell

SECRETARY:

Dr J W Mitchell

REGISTERED OFFICE:

61 Bristol Road

Southsea

Hampshire

PO4 9QH

REGISTERED NUMBER:

00339626 (England and Wales)

ACCOUNTANTS:

Year-End Resolutions Ltd

177 Nyetimber Lane

Bognor Regis

West Sussex

PO21 3HT

FIXED ASSETS

Tangible assets

2

976

666

CURRENT ASSETS

Stocks

2,855

4,375

Debtors

1,981

3,591

Cash at bank

5,556

7,025

10,392

14,991

CREDITORS

Amounts falling due within one year

6,957

11,284

NET CURRENT ASSETS

3,435

3,707

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,411

4,373

PROVISIONS FOR LIABILITIES

195

133

NET ASSETS

4,216

4,240

CAPITAL AND RESERVES

Called up share capital

3

4,048

Profit and loss account

168

192

SHAREHOLDERS' FUNDS

4,216

4,240

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 18 April 2016 and were signed by:

Ms R Mitchell - 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 January 2015).

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.

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

1,767

Additions

824

At 31 December 2015

2,591

DEPRECIATION

At 1 January 2015

1,101

Charge for year

514

At 31 December 2015

1,615

NET BOOK VALUE

At 31 December 2015

976

At 31 December 2014

666

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

2,024

Ordinary A

£1

2,024

Ordinary B

£1

2,024

4,048

4.	RELATED PARTY DISCLOSURES

Ms R Mitchell

Director

During the year under review the company rented office space from the director. The transaction was at arm's length.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2015 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Year-End Resolutions Ltd

177 Nyetimber Lane

Bognor Regis

West Sussex

PO21 3HT

Date: .............................................