Abbreviated Company Accounts - GUARDIAN GAS UK LIMITED

GUARDIAN GAS UK LIMITED - Company Information

06201720 GUARDIAN GAS UK LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 06201720 2015-04-01 2016-03-31 06201720 2016-03-31 06201720 2015-03-31 06201720 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06201720 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 06201720

GUARDIAN GAS UK LIMITED

Abbreviated Accounts

31 March 2016

GUARDIAN GAS UK LIMITED Registered Number 06201720

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	20,603	10,231
		20,603	10,231
Current assets
Stocks		1,250	1,250
Debtors		27,097	44,214
Cash at bank and in hand		197,187	139,689
		225,534	185,153
Creditors: amounts falling due within one year		(84,514)	(71,012)
Net current assets (liabilities)		141,020	114,141
Total assets less current liabilities		161,623	124,372
Creditors: amounts falling due after more than one year		(5,695)	0
Provisions for liabilities		(4,121)	(2,046)
Total net assets (liabilities)		151,807	122,326
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		151,707	122,226
Shareholders' funds		151,807	122,326

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 30 December 2016

And signed on their behalf by:
C Bowdler, Director

GUARDIAN GAS UK LIMITED Registered Number 06201720

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery - 25% Reducing balance
Computer Equipment - 33% Straight line
Motor Vehicles - 25% Reducing balance
Fixtures and Fittings - 25% Reducing balance

Other accounting policies
Finance lease and hire purchase charges:
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Assets on finance lease and hire purchase:
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Dividends:
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.

Stocks:
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 April 2015	20,230
Additions	20,709
Disposals	(16,446)
Revaluations	-
Transfers	-
At 31 March 2016	24,493
Depreciation
At 1 April 2015	9,999
Charge for the year	3,207
On disposals	(9,316)
At 31 March 2016	3,890
Net book values
At 31 March 2016	20,603
At 31 March 2015	10,231

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

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