Irvin Gernon Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05597076

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

IRVIN GERNON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

I A Gernon

SECRETARY:

Miss L Kushniruk

REGISTERED OFFICE:

30 Harborough Road

Kingsthorpe

Northampton

Northamptonshire

NN2 7AZ

REGISTERED NUMBER:

05597076

ACCOUNTANTS:

Jervis & Partners

Cranford Terrace

30 Harborough Road

Northampton

Northamptonshire

NN2 7AZ

FIXED ASSETS

Tangible assets

2

620

377

CURRENT ASSETS

Debtors

1,283

1,041

Cash at bank and in hand

133,889

119,846

135,172

120,887

CREDITORS

Amounts falling due within one year

70,127

56,201

NET CURRENT ASSETS

65,045

64,686

TOTAL ASSETS LESS CURRENT
LIABILITIES

65,665

65,063

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

64,665

64,063

SHAREHOLDERS' FUNDS

65,665

65,063

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 director acknowledges his 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 director on 14 November 2016 and were signed by:

I Gernon - Director

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.

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,184

Additions

450

At 31 March 2016

1,634

DEPRECIATION

At 1 April 2015

807

Charge for year

207

At 31 March 2016

1,014

NET BOOK VALUE

At 31 March 2016

620

At 31 March 2015

377

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 were paid to the director .

I A Gernon

2016

2015

£

Amount due to related party at the balance sheet date

52,726

36,292