Giles Ward Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08358733 (England and Wales)

GILES WARD LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

5TH APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTOR:

Mrs R S Ward

REGISTERED OFFICE:

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

REGISTERED NUMBER:

08358733 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

FIXED ASSETS

Tangible assets

2

1,309

1,206

CURRENT ASSETS

Debtors

14,786

16,671

Cash at bank

34,056

31,220

48,842

47,891

CREDITORS

Amounts falling due within one year

21,345

20,921

NET CURRENT ASSETS

27,497

26,970

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,806

28,176

PROVISIONS FOR LIABILITIES

262

241

NET ASSETS

28,544

27,935

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

28,444

27,835

SHAREHOLDERS' FUNDS

28,544

27,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2016 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 15th July 2016 and were signed by:

Mrs R S Ward - 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 January 2015).

The director has assessed the forthcoming period in terms of profitability and cashflows and feels

that the going concern principle remains appropriate.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to

consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6th April 2015

2,015

Additions

928

At 5th April 2016

2,943

DEPRECIATION

At 6th April 2015

809

Charge for year

825

At 5th April 2016

1,634

NET BOOK VALUE

At 5th April 2016

1,309

At 5th April 2015

1,206

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,500 were paid to the director .

During the previous year, dividends of £30,000 were paid to the director.

Mr N J Ward

Spouse of Director

During the year, total dividends of £12,500 were paid.

During the previous year, total dividends of £1,667 were paid.