Abbreviated Company Accounts - GIELLY GREEN LIMITED

GIELLY GREEN LIMITED - Company Information

06476636 GIELLY GREEN LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 06476636 2015-09-01 2016-08-31 06476636 2016-08-31 06476636 2015-08-31 06476636 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 06476636 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 06476636

GIELLY GREEN LIMITED

Abbreviated Accounts

31 August 2016

GIELLY GREEN LIMITED Registered Number 06476636

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	349,370	403,276
		349,370	403,276
Current assets
Stocks		58,927	152,603
Debtors		60,000	60,000
Investments		433,666	389,393
Cash at bank and in hand		6,508	3,257
		559,101	605,253
Creditors: amounts falling due within one year		(999,765)	(1,067,336)
Net current assets (liabilities)		(440,664)	(462,083)
Total assets less current liabilities		(91,294)	(58,807)
Creditors: amounts falling due after more than one year		(8,107)	(9,376)
Provisions for liabilities		(17,340)	(19,725)
Total net assets (liabilities)		(116,741)	(87,908)
Capital and reserves
Called up share capital	3	139	139
Share premium account		194,461	194,461
Profit and loss account		(311,341)	(282,508)
Shareholders' funds		(116,741)	(87,908)

For the year ending 31 August 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 27 October 2016

And signed on their behalf by:
Shai Greenberg, Director
Shahar Geffen, Director

GIELLY GREEN LIMITED Registered Number 06476636

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

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

Plant and machinery- 10% straight line
Fixtures, fitting and equipment- 10% straight line, except for assets held under finance leases
Premises improvements- 5% straight line

2Tangible fixed assets

	£
Cost
At 1 September 2015	807,096
Additions	5,312
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	812,408
Depreciation
At 1 September 2015	403,820
Charge for the year	59,218
On disposals	-
At 31 August 2016	463,038
Net book values
At 31 August 2016	349,370
At 31 August 2015	403,276

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
139,000 Ordinary shares of £0.01 each	1,390	1,390