G-CEWL Limited - Period Ending 2016-03-31

Registration number: 07624044

G-CEWL Limited

Unaudited Abbreviated Accounts

for the Period from 1 June 2015 to 31 March 2016

 

Beevers and Moreno LLP
Chartered Accountants
44 Chatsworth Gardens
Acton
London
W3 9LW

G-CEWL Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
G-CEWL Limited
for the Period Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G-CEWL Limited for the period ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of G-CEWL Limited, as a body, in accordance with the terms of our engagement letterdated 28 September 2012. Our work has been undertaken solely to prepare for your approval the accounts of G-CEWL Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G-CEWL Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that G-CEWL Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of G-CEWL Limited. You consider that G-CEWL Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of G-CEWL Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Beevers and Moreno LLP
Chartered Accountants
44 Chatsworth Gardens
Acton
London
W3 9LW

20 May 2016

Page 1

G-CEWL Limited
(Registration number: 07624044)
Abbreviated Balance Sheet at 31 March 2016

		Note			31 March 2016 £			31 May 2015 £
Fixed assets
Tangible fixed assets					-			39,456
Current assets
Cash at bank and in hand					-			353
Creditors: Amounts falling due within one year					(29,456)			(52,756)
Net current liabilities					(29,456)			(52,403)
Net liabilities					(29,456)			(12,947)
Capital and reserves
Called up share capital		3			20			20
Profit and loss account					(29,476)			(12,967)
Shareholders' deficit					(29,456)			(12,947)

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 20 May 2016 and signed on its behalf by:

.........................................
Mr Matthew Arthur Phillips
Director

.........................................
Mr Michael Anthony Hogg
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

G-CEWL Limited
Notes to the Abbreviated Accounts for the Period from 1 June 2015 to 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	reducing balance basis over 15 years

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		52,000			52,000
Disposals		(52,000)			(52,000)
At 31 March 2016		-			-
Depreciation
At 1 June 2015		12,544			12,544
Eliminated on disposals		(12,544)			(12,544)
At 31 March 2016		-			-
Net book value
At 31 March 2016		-			-
At 31 May 2015		39,456			39,456

Page 3

G-CEWL Limited
Notes to the Abbreviated Accounts for the Period from 1 June 2015 to 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016						31 May 2015
		No.			£			No.			£
Ordinary of £1 each		20			20			20			20

Page 4