Abbreviated Company Accounts - GINAARTI UK LIMITED

GINAARTI UK LIMITED - Company Information

06810405 GINAARTI UK LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 06810405 2015-04-01 2016-03-31 06810405 2016-03-31 06810405 2015-03-31 06810405 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06810405 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06810405

GINAARTI UK LIMITED

Abbreviated Accounts

31 March 2016

GINAARTI UK LIMITED Registered Number 06810405

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	3,687	4,609
		3,687	4,609
Current assets
Stocks		24,485	27,212
Debtors		40,864	56,343
Cash at bank and in hand		497	33
		65,846	83,588
Creditors: amounts falling due within one year		(68,937)	(74,002)
Net current assets (liabilities)		(3,091)	9,586
Total assets less current liabilities		596	14,195
Total net assets (liabilities)		596	14,195
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		496	14,095
Shareholders' funds		596	14,195

For the year ending 31 March 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 Bhupinder Singh Dhami, Director

GINAARTI UK LIMITED Registered Number 06810405

Notes to the Abbreviated Accounts for the period ended 31 March 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 January 2015).

Turnover policy
Turnover represents derived from the provisions of goods and services which fall within the company's ordinary activities, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
Fixture and fittings 20% reducing balance

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 April 2015	16,335
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	16,335
Depreciation
At 1 April 2015	11,726
Charge for the year	922
On disposals	-
At 31 March 2016	12,648
Net book values
At 31 March 2016	3,687
At 31 March 2015	4,609

Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
Fixture and fittings 20% reducing balance

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

Allotted, called up and fully paid ordinary shares.