Goff Associates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02709254 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Goff Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs J Goff

SECRETARY:

D Goff

REGISTERED OFFICE:

Coombe End Cottage

Everleigh

Marlborough

SN8 3EY

REGISTERED NUMBER:

02709254 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Tangible assets

2

1,213

1,617

CURRENT ASSETS

Stocks

10,250

22,500

Debtors

4,376

Cash at bank

157,103

4,869

171,729

31,745

CREDITORS

Amounts falling due within one year

164,535

17,076

NET CURRENT ASSETS

7,194

14,669

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,407

16,286

CREDITORS

Amounts falling due after more than one
year

9,434

20,164

NET LIABILITIES

(1,027

)

(3,878

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(1,127

)

(3,978

)

SHAREHOLDERS' FUNDS

(1,027

)

(3,878

)

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

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

Mrs J Goff - 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.

Plant and machinery etc

-

25% on reducing balance

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 September 2014

and 31 August 2015

78,879

DEPRECIATION

At 1 September 2014

77,262

Charge for year

404

At 31 August 2015

77,666

NET BOOK VALUE

At 31 August 2015

1,213

At 31 August 2014

1,617

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

100

Ordinary

£1

100