Liz Gee Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06236173 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2016

for

Liz Gee Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss E Gee

SECRETARY:

Mr B Gee

REGISTERED OFFICE:

32 Rosehay Lane

Failsworth

Greater Manchester

M35 0PW

REGISTERED NUMBER:

06236173 (England and Wales)

ACCOUNTANTS:

Rowlinson Rainbow & Company

5/7 New Road

Radcliffe

Greater Manchester

M26 1LS

BANKERS:

The Royal Bank of Scotland

Cheetham Hill Branch

18 Bury Old Road

Manchester

M8 7JN

FIXED ASSETS

Tangible assets

2

41

55

CURRENT ASSETS

Debtors

38

1,559

Cash at bank

3

41

1,562

CREDITORS

Amounts falling due within one year

306

524

NET CURRENT (LIABILITIES)/ASSETS

(265

)

1,038

TOTAL ASSETS LESS CURRENT
LIABILITIES

(224

)

1,093

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(226

)

1,091

SHAREHOLDERS' FUNDS

(224

)

1,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 26 January 2017 and were signed by:

Miss E Gee - 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 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.

Plant and machinery etc

-

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.

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 June 2015

and 31 May 2016

409

DEPRECIATION

At 1 June 2015

354

Charge for year

14

At 31 May 2016

368

NET BOOK VALUE

At 31 May 2016

41

At 31 May 2015

55

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2

Ordinary

1

2