Gillieron Scott Acoustic Design Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08457631 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Gillieron Scott Acoustic Design Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P Gillieron

T Scott

REGISTERED OFFICE:

Studio 3

130 Brixton Hill

London

SW2 1RS

REGISTERED NUMBER:

08457631 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

2

16,098

1,955

CURRENT ASSETS

Debtors

68,797

39,050

Cash at bank

33,989

8,860

102,786

47,910

CREDITORS

Amounts falling due within one year

62,192

57,594

NET CURRENT ASSETS/(LIABILITIES)

40,594

(9,684

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,692

(7,729

)

PROVISIONS FOR LIABILITIES

3,220

-

NET ASSETS/(LIABILITIES)

53,472

(7,729

)

CAPITAL AND RESERVES

Called up share capital

3

200

100

Profit and loss account

53,272

(7,829

)

SHAREHOLDERS' FUNDS

53,472

(7,729

)

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 directors acknowledge their 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 Board of Directors on 15 December 2016 and were signed on its behalf
by:

T Scott - 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 services, 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.

Leasehold - Integral Features

-

25% on reducing balance

Acoustic Equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office Equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

3,054

Additions

19,511

At 31 March 2016

22,565

DEPRECIATION

At 1 April 2015

1,099

Charge for year

5,368

At 31 March 2016

6,467

NET BOOK VALUE

At 31 March 2016

16,098

At 31 March 2015

1,955

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100

Ordinary 'A'

£1

100

-

200

100

The following shares were issued during the year for cash at par :

100 Ordinary 'A' shares of £1

Authorised 2016 2015

100,000 Ordinary shares of £1 each 100,000 100,000