Tracie Giles Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07611344 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

TRACIE GILES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms T Giles

Miss C Giles

REGISTERED OFFICE:

Five Ways

57/59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

REGISTERED NUMBER:

07611344 (England and Wales)

FIXED ASSETS

Tangible assets

2

83,173

87,492

CURRENT ASSETS

Stocks

18,320

4,000

Debtors

60,722

26,355

Cash at bank and in hand

322,427

378,317

401,469

408,672

CREDITORS

Amounts falling due within one year

368,730

234,296

NET CURRENT ASSETS

32,739

174,376

TOTAL ASSETS LESS CURRENT
LIABILITIES

115,912

261,868

PROVISIONS FOR LIABILITIES

15,803

17,442

NET ASSETS

100,109

244,426

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

100,009

244,326

SHAREHOLDERS' FUNDS

100,109

244,426

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 October 2016 and were signed on its behalf by:

Ms T Giles - 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.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 5% 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

116,248

Additions

9,376

At 30 April 2016

125,624

DEPRECIATION

At 1 May 2015

28,756

Charge for year

13,695

At 30 April 2016

42,451

NET BOOK VALUE

At 30 April 2016

83,173

At 30 April 2015

87,492

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100