Gobbitt & Kirby Property Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 02355463 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2015

for

Gobbitt & Kirby Property Services

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Matheson-Barr

REGISTERED OFFICE:

20 The Thoroughfare

Woodbridge

Suffolk

IP12 1AQ

REGISTERED NUMBER:

02355463 (England and Wales)

ACCOUNTANTS:

Pinfold & Co

Chartered Accountants

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

FIXED ASSETS

Tangible assets

2

2,536

3,381

CURRENT ASSETS

Debtors

251,647

255,760

Cash at bank

355

3,020

252,002

258,780

CREDITORS

Amounts falling due within one year

258,173

261,886

NET CURRENT LIABILITIES

(6,171

)

(3,106

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,635

)

275

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(3,735

)

175

SHAREHOLDERS' FUNDS

(3,635

)

275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 12 February 2016 and were signed by:

S Matheson-Barr - 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

The turnover represents net invoiced sales of services, excluding value added tax, arising from the commission

received for property sales.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

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 where transactions or events that result in an obligation to pay more tax in the future, or a right to pay

less tax in the future, have occurred at the balance sheet date. Timing differences are differences between the

company’s taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

47,086

DEPRECIATION

At 1 October 2014

43,705

Charge for year

845

At 30 September 2015

44,550

NET BOOK VALUE

At 30 September 2015

2,536

At 30 September 2014

3,381

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

100

Ordinary

£1

100

100