Gurney & White Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01522394 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

GURNEY & WHITE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Gurney

K G White

SECRETARY:

J Gurney

REGISTERED OFFICE:

2 Barmeston Road

Catford

London

SE6 3BH

REGISTERED NUMBER:

01522394 (England and Wales)

ACCOUNTANTS:

Andrew Cross & Co.

Chartered Accountants

Plaza Building

102 Lee High Road

Lewisham

London

SE13 5PT

FIXED ASSETS

Tangible assets

2

28,956

44,836

Investments

3

2,550

31,506

47,386

CURRENT ASSETS

Stocks

128,909

189,294

Debtors

186,632

236,924

Cash at bank and in hand

418,670

350,611

734,211

776,829

CREDITORS

Amounts falling due within one year

387,728

466,153

NET CURRENT ASSETS

346,483

310,676

TOTAL ASSETS LESS CURRENT
LIABILITIES

377,989

358,062

CAPITAL AND RESERVES

Called up share capital

4

5,000

Retained earnings

372,989

353,062

SHAREHOLDERS' FUNDS

377,989

358,062

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 31 July 2016 and were signed on its
behalf by:

J Gurney - Director

K G White - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 etc

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

201,437

Disposals

(14,765

)

At 31 December 2015

186,672

DEPRECIATION

At 1 January 2015

156,601

Charge for year

9,651

Eliminated on disposal

(8,536

)

At 31 December 2015

157,716

NET BOOK VALUE

At 31 December 2015

28,956

At 31 December 2014

44,836

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

2,550

NET BOOK VALUE

At 31 December 2015

2,550

At 31 December 2014

2,550

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

5,000

Ordinary

£1

5,000