Gwenlais Developments Limited - Abbreviated accounts 16.1
Gwenlais Developments Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st October 2015 |
| for |
| Gwenlais Developments Limited |
| Gwenlais Developments Limited (Registered number: 05597781) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st October 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Gwenlais Developments Limited |
| Company Information |
| for the Year Ended 31st October 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Gwenlais Developments Limited (Registered number: 05597781) |
| Abbreviated Balance Sheet |
| 31st October 2015 |
| 31.10.15 | 31.10.14 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 2 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The directors acknowledge their 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. |
| Gwenlais Developments Limited (Registered number: 05597781) |
| Abbreviated Balance Sheet - continued |
| 31st October 2015 |
| The financial statements were approved by the Board of Directors on behalf by: |
| Gwenlais Developments Limited (Registered number: 05597781) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st October 2015 |
| 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. |
| Stocks and work in progress |
| Work in progress have been valued by the company's directors 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. |
| 2. | CREDITORS |
| Creditors include an amount of £ |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.15 | 31.10.14 |
| value: | £ | £ |
| Ordinary | £1 |
| A Ordinary | £1 |
| B Ordinary | £1 |
| 4 | 4 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st October 2015 |
| and 31st October 2014: |
| 31.10.15 | 31.10.14 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts repaid |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Gwenlais Developments Limited (Registered number: 05597781) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st October 2015 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced | ( |
) |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| 5. | GOING CONCERN |
| At the balance sheet date the company's liabilities exceeded its assets. The accounts have been |
| prepared on the going concern basis which assumes that the company's directors and bankers will |
| provide adequate financial resources to enable it to continue to trade over future periods. |