Garnett Netherwood Architects Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03069186 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

GARNETT NETHERWOOD ARCHITECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J L Williams

N D Barnes

SECRETARY:

N D Barnes

REGISTERED OFFICE:

Design Innovation Centre

46 The Calls

Leeds

West Yorkshire

LS2 7EY

REGISTERED NUMBER:

03069186 (England and Wales)

ACCOUNTANTS:

Beaumonts

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

FIXED ASSETS

Tangible assets

2

19,509

18,985

CURRENT ASSETS

Stocks

17,681

20,370

Debtors

19,571

22,946

Cash at bank

57,328

17,694

94,580

61,010

CREDITORS

Amounts falling due within one year

43,815

25,813

NET CURRENT ASSETS

50,765

35,197

TOTAL ASSETS LESS CURRENT LIABILITIES

70,274

54,182

PROVISIONS FOR LIABILITIES

3,284

3,375

NET ASSETS

66,990

50,807

CAPITAL AND RESERVES

Called up share capital

3

32

32

Share premium

32

32

Other reserves

100

100

Profit and loss account

66,826

50,643

SHAREHOLDERS' FUNDS

66,990

50,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 6 September 2016 and were signed on its behalf by:

N D Barnes - 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 services, 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

-

15% on cost

Office equipment

-

33% on cost and 15% on cost

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

Deferred tax

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

balance sheet date. Deferred tax assets are recognised only to the extent that there is sufficient evidence to

indicate that it is more likely than not that they will be recovered in the future.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are

charged in the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

75,019

Additions

4,299

At 30 April 2016

79,318

DEPRECIATION

At 1 May 2015

56,034

Charge for year

3,775

At 30 April 2016

59,809

NET BOOK VALUE

At 30 April 2016

19,509

At 30 April 2015

18,985

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

32

Ordinary A shares

£1

32

32

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2016 and

30 April 2015:

30.4.16

30.4.15

£

£

J L Williams

Balance outstanding at start of year

186

186

Amounts advanced

186

186

Amounts repaid

-

(186

)

Balance outstanding at end of year

372

186

N D Barnes

Balance outstanding at start of year

195

195

Amounts advanced

195

195

Amounts repaid

-

(195

)

Balance outstanding at end of year

390

195