Abbreviated Company Accounts - GOLDFINCH GROUP SERVICES LIMITED

GOLDFINCH GROUP SERVICES LIMITED - Company Information

05240352 GOLDFINCH GROUP SERVICES LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 05240352 2014-10-01 2015-09-30 05240352 2015-09-30 05240352 2014-09-30 05240352 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 05240352 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 05240352

GOLDFINCH GROUP SERVICES LIMITED

Abbreviated Accounts

30 September 2015

GOLDFINCH GROUP SERVICES LIMITED Registered Number 05240352

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	16,000	20,000
Tangible assets	3	21,061	27,033
		37,061	47,033
Current assets
Stocks		16,950	23,750
Debtors		41,745	16,188
Cash at bank and in hand		636	18,613
		59,331	58,551
Creditors: amounts falling due within one year		(39,196)	(39,914)
Net current assets (liabilities)		20,135	18,637
Total assets less current liabilities		57,196	65,670
Total net assets (liabilities)		57,196	65,670
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		57,096	65,570
Shareholders' funds		57,196	65,670

For the year ending 30 September 2015 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 30 June 2016

And signed on their behalf by:
Mr Duncan McGhee, Director

GOLDFINCH GROUP SERVICES LIMITED Registered Number 05240352

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance per annum
Fixtures, fittings & equipment - 25% reducing balance per annum.

Other accounting policies
Compliance with accounting standards:
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Goodwill:
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 October 2014	40,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	40,000
Amortisation
At 1 October 2014	20,000
Charge for the year	4,000
On disposals	-
At 30 September 2015	24,000
Net book values
At 30 September 2015	16,000
At 30 September 2014	20,000

3Tangible fixed assets

	£
Cost
At 1 October 2014	55,399
Additions	1,049
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	56,448
Depreciation
At 1 October 2014	28,366
Charge for the year	7,021
On disposals	-
At 30 September 2015	35,387
Net book values
At 30 September 2015	21,061
At 30 September 2014	27,033

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100