Gas Safe Bristol Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06128525 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 March 2014 to 31 July 2015

for

Gas Safe Bristol Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Martin

REGISTERED OFFICE:

21 Church Road

Bishopsworth

Bristol

Avon

BS13 8JL

REGISTERED NUMBER:

06128525 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Intangible assets

2

6,292

7,000

Tangible assets

3

7,343

14,155

13,635

21,155

CURRENT ASSETS

Stocks

3,200

850

Debtors

49,421

36,781

Cash at bank

16,996

14,876

69,617

52,507

CREDITORS

Amounts falling due within one year

44,750

28,690

NET CURRENT ASSETS

24,867

23,817

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,502

44,972

CREDITORS

Amounts falling due after more than one
year

38,368

36,131

NET ASSETS

134

8,841

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

132

8,839

SHAREHOLDERS' FUNDS

134

8,841

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 19 November 2015 and were signed by:

R Martin - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

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

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 31 July 2015

10,000

AMORTISATION

At 1 March 2014

3,000

Amortisation for period

708

At 31 July 2015

3,708

NET BOOK VALUE

At 31 July 2015

6,292

At 28 February 2014

7,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

31,867

Additions

894

Disposals

(6,539

)

At 31 July 2015

26,222

DEPRECIATION

At 1 March 2014

17,712

Charge for period

4,028

Eliminated on disposal

(2,861

)

At 31 July 2015

18,879

NET BOOK VALUE

At 31 July 2015

7,343

At 28 February 2014

14,155

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

28.2.14

value:

£

2

Ordinary shares

1

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company is controlled by the director by virtue of his shareholding.