Gelfling Consulting Limited - Abbreviated accounts

GELFLING CONSULTING LIMITED - Company Information

Registered number

07448406

Gelfling Consulting Limited

Abbreviated Accounts

30 November 2015

Gelfling Consulting Limited
Registered number:		07448406
Abbreviated Balance Sheet
as at 30 November 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		39			305

Current assets
Debtors		-			1,538
Cash at bank and in hand		12,817			10,111
		12,817			11,649

Creditors: amounts falling due within one year		(4,932)			(4,638)

Net current assets			7,885			7,011

Total assets less current liabilities			7,924			7,316


Provisions for liabilities			(8)			(61)


Net assets			7,916			7,255

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			7,816			7,155

Shareholders' funds			7,916			7,255

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



CR Aldridge
Director
Approved by the board on 22 May 2016

Gelfling Consulting Limited
Notes to the Abbreviated Accounts
for the year ended 30 November 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Equipment			25% straight line
	Motor vehicles			25% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 December 2014					1,066
	At 30 November 2015					1,066

	Depreciation
	At 1 December 2014					761
	Charge for the year					266
	At 30 November 2015					1,027

	Net book value
	At 30 November 2015					39
	At 30 November 2014					305


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100