Abbreviated Company Accounts - GREGSON SMITH CONSULTING LIMITED

GREGSON SMITH CONSULTING LIMITED - Company Information

Registered Number 06947709

GREGSON SMITH CONSULTING LIMITED

Abbreviated Accounts

30 June 2016

GREGSON SMITH CONSULTING LIMITED Registered Number 06947709

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	242	322
		242	322
Current assets
Debtors		434	413
Cash at bank and in hand		24,364	49,512
		24,798	49,925
Creditors: amounts falling due within one year		(19,643)	(36,605)
Net current assets (liabilities)		5,155	13,320
Total assets less current liabilities		5,397	13,642
Total net assets (liabilities)		5,397	13,642
Capital and reserves
Called up share capital		2	2
Profit and loss account		5,395	13,640
Shareholders' funds		5,397	13,642

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 December 2016

And signed on their behalf by:
Mr D G Smith, Director
Mrs L Smith, Director

GREGSON SMITH CONSULTING LIMITED Registered Number 06947709

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) which have been applied consistently (except as otherwise stated)

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

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

Fixtures, fittings & equipment 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 July 2015	1,320
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	1,320
Depreciation
At 1 July 2015	998
Charge for the year	80
On disposals	-
At 30 June 2016	1,078
Net book values
At 30 June 2016	242
At 30 June 2015	322