Green Monkey AV Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04349039 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

GREEN MONKEY AV LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G S Mitchell

Mrs E A B Downing

Mrs L M Mitchell

SECRETARY:

Mrs E A B Downing

REGISTERED OFFICE:

Tyn Llwyn Cader Rd

Dolgellau

Gwynedd

LL40 1TG

REGISTERED NUMBER:

04349039 (England and Wales)

ACCOUNTANTS:

SKM Chartered Accountants

Pegasus House

5 Winckley Court

Mount Street

Preston

Lancashire

PR1 8BU

BANKERS:

Lloyds TSB

Fishergate

Preston

Lancashire

PR1 2JB

FIXED ASSETS

Tangible assets

2

53,694

53,339

CURRENT ASSETS

Stocks

8,418

5,923

Debtors

170,321

71,846

Cash at bank

6,000

17,916

184,739

95,685

CREDITORS

Amounts falling due within one year

218,190

116,507

NET CURRENT LIABILITIES

(33,451

)

(20,822

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,243

32,517

CREDITORS

Amounts falling due after more than one
year

(6,650

)

(18,861

)

PROVISIONS FOR LIABILITIES

(9,524

)

(9,185

)

NET ASSETS

4,069

4,471

CAPITAL AND RESERVES

Called up share capital

3

111

Profit and loss account

3,958

4,360

SHAREHOLDERS' FUNDS

4,069

4,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 16 August 2016 and were signed on its behalf by:

G S Mitchell - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

91,468

Additions

10,069

At 31 December 2015

101,537

DEPRECIATION

At 1 January 2015

38,129

Charge for year

9,714

At 31 December 2015

47,843

NET BOOK VALUE

At 31 December 2015

53,694

At 31 December 2014

53,339

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary Class A

£1

100

11

Ordinary Class B

£1

11

111

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and

31 December 2014:

2015

2014

£

G S Mitchell

Balance outstanding at start of year

34,703

12,992

Amounts advanced

14,460

33,519

Amounts repaid

-

(11,808

)

Balance outstanding at end of year

49,163

34,703

During the year, the company made advances totalling £14,460 (2014 - £33,519). The advances were unsecured,

interest free and repayable on demand. At the balance sheet date, the outstanding balance was £49,163 (2014 -

£34,703).

Dividends paid to the directors during the year totalled £10,000 (2014 - £10,000). G Mitchell received £10,000

(2014 - £10,000).