Guirado Design Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08269551 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Guirado Design Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P A Evans

D A Cane

REGISTERED OFFICE:

5-8 Hardwick Street

London

EC1R 4RB

REGISTERED NUMBER:

08269551 (England and Wales)

FIXED ASSETS

Intangible assets

2

9,813

-

Tangible assets

3

140

140

9,953

140

CURRENT ASSETS

Debtors

26,193

16,074

Cash at bank and in hand

14,074

540

40,267

16,614

CREDITORS

Amounts falling due within one year

20,471

40,014

NET CURRENT ASSETS/(LIABILITIES)

19,796

(23,400

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,749

(23,260

)

CREDITORS

Amounts falling due after more than one year

676,085

367,380

NET LIABILITIES

(646,336

)

(390,640

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(646,338

)

(390,642

)

SHAREHOLDERS' FUNDS

(646,336

)

(390,640

)

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 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 29 December 2016 and were signed on its behalf by:

Thinkers HQ Ltd - Director

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 April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the

company qualifies as a small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of

exchange ruling at the balance sheet date. Transactions in foreign currencies are translated

into sterling at the rate of exchange ruling at the date of transaction. Exchange differences

are taken into account in arriving at the operating result.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

9,813

At 31 March 2016

9,813

NET BOOK VALUE

At 31 March 2016

9,813

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

290

DEPRECIATION

At 1 April 2015

and 31 March 2016

150

NET BOOK VALUE

At 31 March 2016

140

At 31 March 2015

140

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

2

Ordinary

£1

2

2

5.	ULTIMATE PARENT COMPANY

Thinkers HQ Limited is regarded by the directors as being the company's ultimate parent

company.