Gooch Group Ltd - Abbreviated accounts 16.3

Gooch Group Ltd - Abbreviated accounts 16.3

GOOCH GROUP LIMITED - Company Information

Print Friendly Version

05025879 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure050258792015-03-31050258792016-03-31050258792015-04-012016-03-31050258792014-03-31050258792014-04-012015-03-31050258792015-03-3105025879ns12:England2015-04-012016-03-3105025879ns14:PoundSterling2015-04-012016-03-3105025879ns7:Director12015-04-012016-03-3105025879ns7:OrdinaryShareClass12015-04-012016-03-3105025879ns7:Director22015-04-012016-03-3105025879ns7:RegisteredOffice2015-04-012016-03-3105025879ns7:EntityAccountantsOrAuditors2015-04-012016-03-3105025879ns5:LandBuildings2015-04-012016-03-3105025879ns5:PlantMachinery2015-04-012016-03-3105025879ns7:OrdinaryShareClass12016-03-3105025879ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 05025879 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Gooch Group Ltd

Gooch Group Ltd (Registered number: 05025879)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Gooch Group Ltd

Company Information
for the Year Ended 31 March 2016







DIRECTORS: Mr C V Gooch
Mrs M E Gooch





REGISTERED OFFICE: Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW





REGISTERED NUMBER: 05025879 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW
Page 1
Gooch Group Ltd (Registered number: 05025879)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 13,760 10,249
13,760 10,249

CURRENT ASSETS
Stocks 38,571 47,903
Debtors 108,203 101,204
Cash at bank and in hand 26,257 18,869
173,031 167,976
CREDITORS
Amounts falling due within one year 52,740 87,488
NET CURRENT ASSETS 120,291 80,488
TOTAL ASSETS LESS CURRENT
LIABILITIES
134,051
90,737

CREDITORS
Amounts falling due after more than one
year
87,807
64,268
NET ASSETS 46,244 26,469

CAPITAL AND RESERVES
Called up share capital 4 25,000 25,000
Profit and loss account 21,244 1,469
SHAREHOLDERS' FUNDS 46,244 26,469

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 notes form part of these abbreviated accounts

Page 2 continued...
Gooch Group Ltd (Registered number: 05025879)

Abbreviated Balance Sheet - continued
31 March 2016


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 20 December 2016 and were signed on its behalf
by:





Mrs M E Gooch - Director


The notes form part of these abbreviated accounts

Page 3
Gooch Group Ltd (Registered number: 05025879)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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 goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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

Land and buildings - 10% on cost
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 115,000
AMORTISATION
At 1 April 2015
and 31 March 2016 115,000
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 -

Page 4 continued...
Gooch Group Ltd (Registered number: 05025879)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 158,404
Additions 7,940
At 31 March 2016 166,344
DEPRECIATION
At 1 April 2015 148,155
Charge for year 4,429
At 31 March 2016 152,584
NET BOOK VALUE
At 31 March 2016 13,760
At 31 March 2015 10,249

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
25,000 Ordinary £1 25,000 25,000

Page 5