Gingermonkeys Creative UK Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07402593 (England and Wales)

Abbreviated Accounts

for the Period 1 November 2014 to 30 April 2016

for

Gingermonkeys Creative UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T J Smith-Foreman

S R McPherson

REGISTERED OFFICE:

16 Church Road

Tunbridge Wells

Kent

TN1 1JP

REGISTERED NUMBER:

07402593 (England and Wales)

ACCOUNTANTS:

Burnbecks Limited

Chartered Certified Accountants

2B Haddo Street

Greenwich

London

SE10 9RN

FIXED ASSETS

Tangible assets

2

106,724

68,296

CURRENT ASSETS

Stocks

9,516

10,612

Debtors

135,988

93,957

Cash at bank and in hand

53,772

20,106

199,276

124,675

CREDITORS

Amounts falling due within one year

93,882

95,336

NET CURRENT ASSETS

105,394

29,339

TOTAL ASSETS LESS CURRENT
LIABILITIES

212,118

97,635

PROVISIONS FOR LIABILITIES

20,914

13,081

NET ASSETS

191,204

84,554

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

191,004

84,354

SHAREHOLDERS' FUNDS

191,204

84,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 19 July 2016 and were signed on its behalf by:

T J Smith-Foreman - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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 & fittings

-

15% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

103,402

Additions

102,463

At 30 April 2016

205,865

DEPRECIATION

At 1 November 2014

35,106

Charge for period

64,035

At 30 April 2016

99,141

NET BOOK VALUE

At 30 April 2016

106,724

At 31 October 2014

68,296

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

31.10.14

value:

£

100

Ordinary

£1

100

Ordinary A

£1

100

200

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 April 2016 and the year

ended 31 October 2014:

30.4.16

31.10.14

£

T J Smith-Foreman

Balance outstanding at start of period

-

Amounts advanced

68,852

-

Amounts repaid

-

Balance outstanding at end of period

68,852

-

Interest amounting to £1,042 was charged to the above director during the period.