Galup Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02990648 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

GALUP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P G Gulliver

Mrs E Gulliver

SECRETARY:

Mrs E Gulliver

REGISTERED OFFICE:

3 Cedar Gardens

110 Lions Lane

Ashley Heath

Ringwood

Hampshire

BH24 2DS

REGISTERED NUMBER:

02990648 (England and Wales)

FIXED ASSETS

Tangible assets

2

45,605

55,085

CURRENT ASSETS

Debtors

25,053

102,201

Cash at bank

427,543

360,731

452,596

462,932

CREDITORS

Amounts falling due within one year

11,864

44,082

NET CURRENT ASSETS

440,732

418,850

TOTAL ASSETS LESS CURRENT
LIABILITIES

486,337

473,935

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

486,237

473,835

SHAREHOLDERS' FUNDS

486,337

473,935

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 8 September 2016 and were signed on its behalf
by:

Mr P G Gulliver - 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at

the balance sheet date. Transactions, during the year, which are denominated in foreign currencies are translated

at the rates of exchange ruling at the date of the transaction. The resulting exchange differences are dealt with in

the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

122,650

Additions

43,162

Disposals

(45,189

)

At 31 December 2015

120,623

DEPRECIATION

At 1 January 2015

67,565

Charge for year

18,750

Eliminated on disposal

(11,297

)

At 31 December 2015

75,018

NET BOOK VALUE

At 31 December 2015

45,605

At 31 December 2014

55,085

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100

4.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors, Mr & Mrs Gulliver.