| The Globe & Lift Limited |
| Registered number: |
04384709 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
113,426 |
|
|
102,476 |
|
| Current assets |
| Stocks |
|
|
1,750 |
|
|
1,750 |
| Debtors |
|
|
5,542 |
|
|
3,347 |
| Cash at bank and in hand |
|
|
176,256 |
|
|
158,850 |
|
|
|
183,548 |
|
|
163,947 |
|
| Creditors: amounts falling due within one year |
|
|
(66,755) |
|
|
(44,373) |
|
| Net current assets |
|
|
|
116,793 |
|
|
119,574 |
|
| Net assets |
|
|
|
230,219 |
|
|
222,050 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
230,217 |
|
|
222,048 |
|
| Shareholders' funds |
|
|
|
230,219 |
|
|
222,050 |
|
|
|
|
|
|
|
|
| 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. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| R Brookes |
| Director |
| Approved by the board on 20 December 2016 |
|
| The Globe & Lift 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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
171,964 |
|
Additions |
18,703 |
|
At 31 March 2016 |
190,667 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
69,488 |
|
Charge for the year |
7,753 |
|
At 31 March 2016 |
77,241 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
113,426 |
|
At 31 March 2015 |
102,476 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
