Gill & Lawson Business Services Limited - Period Ending 2015-12-31

Registration number: SC412489

Gill & Lawson Business Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Gill & Lawson Business Services Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Gill & Lawson Business Services Limited
(Registration number: SC412489)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			211			282
Investments					-			3,229
					211			3,511
Current assets
Debtors					13,898			8,400
Cash at bank and in hand					5,724			4,364
					19,622			12,764
Creditors: Amounts falling due within one year					(20,879)			(17,149)
Net current liabilities					(1,257)			(4,385)
Net liabilities					(1,046)			(874)
Capital and reserves
Called up share capital		3			100			100
Revaluation reserve					-			149
Profit and loss account					(1,146)			(1,123)
Shareholders' deficit					(1,046)			(874)

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 29 September 2016

.........................................
Vijay Gill
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Gill & Lawson Business Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% Reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

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Gill & Lawson Business Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 January 2015		667			3,229			3,896
Revaluations		-			(129)			(129)
Additions		-			1,285			1,285
Disposals		-			(4,385)			(4,385)
At 31 December 2015		667			-			667
Depreciation
At 1 January 2015		385			-			385
Charge for the year		71			-			71
At 31 December 2015		456			-			456
Net book value
At 31 December 2015		211			-			211
At 31 December 2014		282			3,229			3,511

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3