Goodall Cellular Systems Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02592462 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

GOODALL CELLULAR SYSTEMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

W R Goodall

H M Goodall

SECRETARY:

H M Goodall

REGISTERED OFFICE:

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

REGISTERED NUMBER:

02592462 (England and Wales)

ACCOUNTANTS:

Griffins

Chartered Accountants

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

FIXED ASSETS

Tangible assets

2

196,020

193,551

Investments

3

1,000

197,020

194,551

CURRENT ASSETS

Stocks

11,871

3,744

Debtors

112,324

88,059

Cash at bank

175,954

235,810

300,149

327,613

CREDITORS

Amounts falling due within one year

8,655

8,069

NET CURRENT ASSETS

291,494

319,544

TOTAL ASSETS LESS CURRENT
LIABILITIES

488,514

514,095

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

488,414

513,995

SHAREHOLDERS' FUNDS

488,514

514,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 October 2016 and were signed on its behalf by:

W R Goodall - 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.

Freehold property

-

not provided

Fixtures and fittings

-

20% on reducing balance

The directors consider that the freehold property is maintained in such a state of repair that its residual value is at least

equal to the net book value. As a result, the corresponding depreciation would not be material and therefore is not

charged in the profit and loss account.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

193,829

Additions

2,472

At 31 March 2016

196,301

DEPRECIATION

At 1 April 2015

278

Charge for year

3

At 31 March 2016

281

NET BOOK VALUE

At 31 March 2016

196,020

At 31 March 2015

193,551

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

1,000

NET BOOK VALUE

At 31 March 2016

1,000

At 31 March 2015

1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Flextel Limited

Country of incorporation: United Kingdom

Nature of business: Cellular systems consultants

%

Class of shares:

holding

£1 Ordinary

100.00

31/3/16

31/3/15

£

Aggregate capital and reserves

(96,894

)

41,597

Loss for the year

(138,491

)

(87,812

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

100

ordinary

£1

100

5.	RELATED PARTY DISCLOSURES

Services provided from Goodall Cellular Systems Partnership during the year were £37,930 (2015 £44,714). At the Balance

Sheet date a £4,922 amount of trade creditors is shown as being owed to the partnership (2015 £nil).The directors

comprise the entirety of the partners in this company. Sales provided to Flextel Limited, the subsidiary, totalled £85,237

(2015 £184,824). At the Balance Sheet date £13,325 amount was included in trade debtors as owing to this company

(2015 £nil). At the year end the Work in Progress of £11,870 (2015 £3,744) was in respect of services to Flextel Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Griffins

Chartered Accountants

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

17 October 2016