Abbreviated Company Accounts - GYMIES LTD

06424280 GYMIES LTD 2016-03-31 false 2015-04-01 2016-03-31 true 06424280 2015-04-01 2016-03-31 06424280 2016-03-31 06424280 2015-03-31 06424280 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06424280 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06424280

GYMIES LTD

Abbreviated Accounts

31 March 2016

GYMIES LTD Registered Number 06424280

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	6,000	7,000
Tangible assets	3	2,740	5,482
		8,740	12,482
Current assets
Stocks		31	87
Debtors		582	-
Cash at bank and in hand		65	1,326
		678	1,413
Creditors: amounts falling due within one year		(4,003)	(3,274)
Net current assets (liabilities)		(3,325)	(1,861)
Total assets less current liabilities		5,415	10,621
Creditors: amounts falling due after more than one year		(7,595)	(9,424)
Total net assets (liabilities)		(2,180)	1,197
Capital and reserves
Called up share capital	4	4	4
Profit and loss account		(2,184)	1,193
Shareholders' funds		(2,180)	1,197

For the year ending 31 March 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 30 November 2016

And signed on their behalf by:
Mr David Taylor, Director

GYMIES LTD Registered Number 06424280

Notes to the Abbreviated Accounts for the period ended 31 March 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold 40% Straight Line
Plant & Machinery 20% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

2Intangible fixed assets

	£
Cost
At 1 April 2015	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	10,000
Amortisation
At 1 April 2015	3,000
Charge for the year	1,000
On disposals	-
At 31 March 2016	4,000
Net book values
At 31 March 2016	6,000
At 31 March 2015	7,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	16,053
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	16,053
Depreciation
At 1 April 2015	10,571
Charge for the year	2,742
On disposals	-
At 31 March 2016	13,313
Net book values
At 31 March 2016	2,740
At 31 March 2015	5,482

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4