Gin Foundry Limited - Abbreviated accounts 16.3

Gin Foundry Limited - Abbreviated accounts 16.3

GIN FOUNDRY LIMITED - Company Information

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REGISTERED NUMBER: 08907073 (England and Wales)


















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

GIN FOUNDRY LIMITED

GIN FOUNDRY LIMITED (REGISTERED NUMBER: 08907073)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GIN FOUNDRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: O Ward
E Ward





REGISTERED OFFICE: 13 Princeton Court
53-55 Felsham Road
Putney
London
SW15 1AZ





REGISTERED NUMBER: 08907073 (England and Wales)





ACCOUNTANTS: Kirk Rice LLP
13 Princeton Court
53 to 55 Felsham Road
Putney
London
SW15 1AZ
Page 1
GIN FOUNDRY LIMITED (REGISTERED NUMBER: 08907073)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 2 3,847 5,673

CURRENT ASSETS
Stocks 34,549 6,550
Debtors 24,123 7,853
Cash at bank 51,541 42,772
110,213 57,175
CREDITORS
Amounts falling due within one year (57,197 ) (29,523 )
NET CURRENT ASSETS 53,016 27,652
TOTAL ASSETS LESS CURRENT
LIABILITIES
56,863
33,325

PROVISIONS FOR LIABILITIES (769 ) (1,135 )
NET ASSETS 56,094 32,190

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 55,994 32,090
SHAREHOLDERS' FUNDS 56,094 32,190

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 26 October 2016 and were signed on its behalf by:





E Ward - Director


The notes form part of these abbreviated accounts

Page 2
GIN FOUNDRY LIMITED (REGISTERED NUMBER: 08907073)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

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 cost

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 April 2015 7,564
Additions 87
At 31 March 2016 7,651
DEPRECIATION
At 1 April 2015 1,891
Charge for year 1,913
At 31 March 2016 3,804
NET BOOK VALUE
At 31 March 2016 3,847
At 31 March 2015 5,673

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 3