G S Mayfair Limited - Abbreviated accounts

G S MAYFAIR LIMITED - Company Information

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Registered number

09460323

G S Mayfair Limited

Abbreviated Accounts

31 May 2016

MAT & CO

ACCOUNTANCY SERVICES LTD

Chartered Certified Accountants

Registered Auditors

264 High Street

Beckenham

Kent

BR3 1DZ

G S Mayfair Limited
Report and accounts

Contents



	Page

Accountants' report	2

Balance sheet	3

Notes to the accounts	4

G S Mayfair Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of G S Mayfair Limited for the period ended 31 May 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of G S Mayfair Limited for the period ended 31 May 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of G S Mayfair Limited, as a body, in accordance with the terms of our engagement letter dated 1 June 2015. Our work has been undertaken solely to prepare for your approval the accounts of G S Mayfair Limited and state those matters that we have agreed to state to the Board of Directors of G S Mayfair Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G S Mayfair Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that G S Mayfair Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of G S Mayfair Limited. You consider that G S Mayfair Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of G S Mayfair Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.
MAT & CO
ACCOUNTANCY SERVICES LTD
Chartered Certified Accountants
Registered Auditors
264 High Street
Beckenham
Kent
BR3 1DZ

7 November 2016

G S Mayfair Limited
Abbreviated Balance Sheet
as at 31 May 2016

Notes			2016
£
Fixed assets
Tangible assets	2		1,440

Current assets
Stocks		2,235
Debtors		484
Cash at bank and in hand		11,751
		14,470

Creditors: amounts falling due within one year		(15,026)

Net current liabilities			(556)

Total assets less current liabilities			884


Provisions for liabilities			(360)


Net assets			524

Capital and reserves
Called up share capital	3		100
Profit and loss account			424

Shareholders' funds			524

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr. Andrew Soteriou
Director
Approved by the board on 7 November 2016

G S Mayfair Limited
Notes to the Abbreviated Accounts
for the period ended 31 May 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% Reducing balance method.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	Additions					1,800
	At 31 May 2016					1,800

	Depreciation
	Charge for the period					360
	At 31 May 2016					360

	Net book value
	At 31 May 2016					1,440


3	Share capital	Nominal		2016		2016
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		100		100