Company Registration No. 08498751 (England and Wales)
JOSIAH-LAKE GARDINER LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
JOSIAH-LAKE GARDINER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
JOSIAH-LAKE GARDINER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
132,000
180,000
Tangible assets
2
5,374
11,228
137,374
191,228
Current assets
Stocks
20,089
7,431
Debtors
255,068
208,544
Cash at bank and in hand
99,412
137,303
Cash at bank - client's accounts
75,649
146,580
Less : Amount due to clients
(75,649)
(146,580)
374,569
353,278
Creditors: amounts falling due within one year
(71,650)
(87,991)
Net current assets
302,919
265,287
Total assets less current liabilities
440,293
456,515
Creditors: amounts falling due after more than one year
(223,039)
(333,953)
217,254
122,562
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
217,054
122,362
Shareholders' funds
217,254
122,562
JOSIAH-LAKE GARDINER LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 5 December 2016
David Josiah-Lake
Director
Company Registration No. 08498751
JOSIAH-LAKE GARDINER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life .
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% Straight Line
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
240,000
16,530
256,530
Disposals
-
(2,670)
(2,670)
At 31 March 2016
240,000
13,860
253,860
Depreciation
At 1 April 2015
60,000
5,301
65,301
On disposals
-
(279)
(279)
Charge for the year
48,000
3,464
51,464
At 31 March 2016
108,000
8,486
116,486
Net book value
At 31 March 2016
132,000
5,374
137,374
At 31 March 2015
180,000
11,228
191,228
JOSIAH-LAKE GARDINER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary-A shares of £1 each
100
100
100 Ordinary-B shares of £1 each
100
100
200
200
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