GISBY EAST LIMITED - Abbreviated accounts

Registered number

08874060

GISBY EAST LIMITED

ABBREVIATED ACCOUNTS

31 MARCH 2016

GISBY EAST LIMITED

ABBREVIATED BALANCE SHEET

as at 31 March 2016
Company Registration No.		08874060


Notes				2016			2015
£					£
Fixed assets
Tangible assets		2		992			808

Current assets
Debtors			9,208			13,339
Cash at bank and in hand			53,990			37,276
			63,198			50,615

Creditors: amounts falling due within one year			(48,860)			(38,686)

Net current assets				14,338			11,929

Net assets				15,330			12,737

Capital and reserves
Called up share capital		3		1			1
Profit and loss account				15,329			12,736

Shareholders' funds				15,330			12,737

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.

Directors' responsibilities:
-	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;
-	The directors acknowledge their responsibilities for complying with the requirements of the act with respect to accounting records and the preparation of financial statements.

These financial statements 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 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).


Approved by the board on 14 December 2016



………………………………………
Michael Peter East
Director

GISBY EAST LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

	Fixtures, fittings and equipment			20% straight line


	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
	At 1 April 2015					1,010
	Additions					482
	At 31 March 2016					1,492

	Depreciation
	At 1 April 2015					202
	Charge for the year					298
	At 31 March 2016					500

	Net book value
	At 31 March 2016					992
	At 31 March 2015					808


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1