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FOR THE YEAR ENDED 31 JULY 2016
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Company Registration No. 08603783 (England and Wales)
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GEORGE NORTHWOOD LIMITED
REGISTERED NUMBER: 08603783
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ABBREVIATED BALANCE SHEET
AS AT 31 JULY 2016
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 July 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
1
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ABBREVIATED BALANCE SHEET (continued)
AS AT 31 JULY 2016
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
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Mr G Northwood
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The notes on pages 3 to 5 form part of these financial statements.
2
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
1.Accounting Policies
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Basis of preparation of financial statements
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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).
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Rentals under operating leases are charged to the Profit and Loss Account on a straight line basis over the lease term.
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3
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
2.Tangible fixed assets
4
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
3.Creditors:
Amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £11,000 (2015 - £11,000).
4.Creditors:
Amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £19,250 (2015 - £30,250).
5.Share capital
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Allotted, called up and fully paid
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100 Ordinary shares shares of £1 each
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5
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