G Strothers Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08047020 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 April 2016

for

G Strothers Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Strothers

REGISTERED OFFICE:

5 Kiln Hill Close

Chadderton

Oldham

OL1 2RF

REGISTERED NUMBER:

08047020 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

FIXED ASSETS

Intangible assets

2

2,000

4,000

CURRENT ASSETS

Stocks

6,000

-

Debtors

973

884

Cash at bank

880

1,442

7,853

2,326

CREDITORS

Amounts falling due within one year

11,508

6,065

NET CURRENT LIABILITIES

(3,655

)

(3,739

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,655

)

261

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(1,656

)

260

SHAREHOLDERS' FUNDS

(1,655

)

261

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 January 2017 and were signed by:

G Strothers - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on the assumption that the company is a going concern. The company is

supported by the director and the funds provided by him. The director has indicated his willingness to defer

withdrawal of his directors loan account and as such it is reasonable to rely on it. In consideration of this support

the company is a going concern.

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date in accordance with FRS19.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

10,000

AMORTISATION

At 1 May 2015

6,000

Amortisation for year

2,000

At 30 April 2016

8,000

NET BOOK VALUE

At 30 April 2016

2,000

At 30 April 2015

4,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1

Ordinary

£1

1