East GB Limited - Period Ending 2016-08-31

East GB Limited - Period Ending 2016-08-31


East GB Limited 05467831 false true 2015-09-01 2016-08-31 2016-08-31 05467831 2015-09-01 2016-08-31 05467831 2016-08-31 05467831 uk-bus:OrdinaryShareClass1 2016-08-31 05467831 uk-bus:Director3 2015-09-01 2016-08-31 05467831 uk-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 05467831 uk-bus:EntityAccountantsOrAuditors 2015-09-01 2016-08-31 05467831 uk-gaap:ComputerEquipment 2015-09-01 2016-08-31 05467831 uk-gaap:FixturesFittings 2015-09-01 2016-08-31 05467831 uk-gaap:PlantMachinery 2015-09-01 2016-08-31 05467831 2015-08-31 05467831 2015-08-31 05467831 uk-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP xbrli:shares

Registration number: 05467831

East GB Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

Principle Accounting Limited
Association of Accounting Technicians
Ribble Court
1 Mead Way
Shuttleworth Mead
Padiham
Lancashire
BB12 7NG

 

East GB Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

East GB Limited
(Registration number: 05467831 )
Abbreviated Balance Sheet at 31 August 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

52,617

   

29,140

 

Current assets

 

             

Debtors

 

   

110,020

   

7,399

 

Cash at bank and in hand

 

   

52,651

   

157,925

 
   

   

162,671

   

165,324

 

Creditors: Amounts falling due within one year

 

   

(128,785)

   

(152,230)

 

Net current assets

 

   

33,886

   

13,094

 

Net assets

 

   

86,503

   

42,234

 

Capital and reserves

 

             

Called up share capital

 

3

   

1,000

   

1,000

 

Profit and loss account

 

   

85,503

   

41,234

 

Shareholders' funds

 

   

86,503

   

42,234

 

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 21 November 2016 and signed on its behalf by:

.........................................
N Eastwood
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

East GB Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1

Accounting policies

Basis of preparation

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

33% reducing balance basis

Fixtures and fittings

33% reducing balance basis

Computer equipment

33% reducing balance basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

East GB Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 September 2015

 

60,319

   

60,319

 

Additions

 

38,483

   

38,483

 

At 31 August 2016

 

98,802

   

98,802

 

Depreciation

           

At 1 September 2015

 

31,179

   

31,179

 

Charge for the year

 

15,006

   

15,006

 

At 31 August 2016

 

46,185

   

46,185

 

Net book value

           

At 31 August 2016

 

52,617

   

52,617

 

At 31 August 2015

 

29,140

   

29,140

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

1,000

   

1,000

   

1,000

   

1,000