Abbreviated Company Accounts - GEMCARE SOUTH WEST LIMITED

GEMCARE SOUTH WEST LIMITED - Company Information

Registered Number 08611694

GEMCARE SOUTH WEST LIMITED

Abbreviated Accounts

31 July 2016

GEMCARE SOUTH WEST LIMITED Registered Number 08611694

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	42,174	52,185
		42,174	52,185
Current assets
Debtors		179,214	71,950
Cash at bank and in hand		158,761	149,402
		337,975	221,352
Creditors: amounts falling due within one year		(333,675)	(253,353)
Net current assets (liabilities)		4,300	(32,001)
Total assets less current liabilities		46,474	20,184
Total net assets (liabilities)		46,474	20,184
Capital and reserves
Called up share capital		150	100
Profit and loss account		46,324	20,084
Shareholders' funds		46,474	20,184

For the year ending 31 July 2016 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 directors acknowledge their 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 Board on 14 October 2016

And signed on their behalf by:
Mr R W Putt, Director

GEMCARE SOUTH WEST LIMITED Registered Number 08611694

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
the financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for goods and services net of trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold 10% on cost
Fixtures, fittings & equipment 33% on cost
Motor vehicles 20% on cost

2Tangible fixed assets

	£
Cost
At 1 August 2015	63,746
Additions	3,285
Disposals	(2,662)
Revaluations	-
Transfers	-
At 31 July 2016	64,369
Depreciation
At 1 August 2015	11,561
Charge for the year	11,269
On disposals	(635)
At 31 July 2016	22,195
Net book values
At 31 July 2016	42,174
At 31 July 2015	52,185