Griffin Technical Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06888881

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Griffin Technical Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Griffin

REGISTERED OFFICE:

Unit 59, Station Road Workshops

Station Road

Kingswood

Bristol

Avon

BS15 4PJ

REGISTERED NUMBER:

06888881

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Tangible assets

2

14,328

17,413

CURRENT ASSETS

Stocks

5,000

25,000

Debtors

119,543

257,931

Cash at bank

164,269

130,709

288,812

413,640

CREDITORS

Amounts falling due within one year

157,976

291,933

NET CURRENT ASSETS

130,836

121,707

TOTAL ASSETS LESS CURRENT
LIABILITIES

145,164

139,120

CREDITORS

Amounts falling due after more than one year

12,254

67,038

NET ASSETS

132,910

72,082

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

131,910

71,082

SHAREHOLDERS' FUNDS

132,910

72,082

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 30 January 2017 and were signed by:

D Griffin - 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.

Plant and machinery etc

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

47,983

Additions

1,742

At 30 April 2016

49,725

DEPRECIATION

At 1 May 2015

30,570

Charge for year

4,827

At 30 April 2016

35,397

NET BOOK VALUE

At 30 April 2016

14,328

At 30 April 2015

17,413

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1,000

Ordinary £1 shares.

1

1,000