Steven Gomm Limited Small abbreviated accounts

Steven Gomm Limited Small abbreviated accounts

STEVEN GOMM LIMITED - Company Information

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FY Private Limited Company Company accounts 2016-08-24 2016-08-24 false true false false false false false false false false false false true true 2014-12-01 true xbrli:pure xbrli:shares iso4217:GBP 04979702 2014-12-01 2015-11-30 04979702 2015-11-30 04979702 2014-11-30 04979702 uk-gaap:MotorVehicles 2014-12-01 2015-11-30 04979702 uk-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 04979702 uk-bus:Director1 2014-12-01 2015-11-30 04979702 uk-gaap:AllSubsidiaries 2014-12-01 2015-11-30 04979702 uk-bus:OrdinaryShareClass1 2015-11-30 04979702 uk-bus:OrdinaryShareClass1 2014-11-30 04979702 uk-lang:English 2014-12-01 2015-11-30 04979702 uk-curr:PoundSterling 2014-12-01 2015-11-30
Company Registration Number 04979702
Steven Gomm Limited
Unaudited Abbreviated Accounts
30 November 2015
Steven Gomm Limited
Abbreviated Balance Sheet
30 November 2015
2015
2014
Note
£
£
£
£
Fixed Assets
2
Tangible assets
974
-
Current Assets
Debtors
7,719
17
Cash at bank and in hand
1,130
-
-------
----
8,849
17
Creditors: Amounts Falling due Within One Year
( 9,533)
-
-------
----
Net Current (Liabilities)/Assets
( 684)
17
----
----
Total Assets Less Current Liabilities
290
17
----
----
Capital and Reserves
Called up equity share capital
4
1
1
Profit and loss account
289
16
----
----
Shareholders' Funds
290
17
----
----
For the year ended 30th November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on 24 August 2016 .
S. Gomm Director
Company Registration Number: 04979702
Steven Gomm Limited
Notes to the Abbreviated Accounts
Year Ended 30th November 2015
1. Accounting Policies
Basis of Accounting
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
The turnover shown in the profit and loss account represents the value of work done during the period. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Fixed Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicle-25% reducing balance per annum
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. A deferred taxation liability is recognised in respect of all significant timing differences that have originated but not reversed at the balance sheet date.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
2. Fixed Assets
Tangible Assets
£
Cost
Additions
1,298
-------
At 30th November 2015
1,298
-------
Depreciation
Charge for year
324
----
At 30th November 2015
324
----
Net Book Value
At 30th November 2015
974
----
At 30th November 2014
–
----
3. Related Party Transactions
The company was under the control of the director throughout the period and previous year. During the year the company provided the director with a loan. The amount outstanding at the balance sheet date was £ 7,719 (2014: £17). The loan was provided interest free and has no formal repayment terms.
4. Share Capital
Allotted, called up and fully paid:
2015
2014
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
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