Geffen Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03755288 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

GEFFEN LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

CURRENT ASSETS

Stocks

435,558

1,339,811

Debtors

2

1,243,721

1,383,460

Cash at bank

993,220

6,189

2,672,499

2,729,460

CREDITORS

Amounts falling due within one year

68,018

32,620

NET CURRENT ASSETS

2,604,481

2,696,840

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,604,481

2,696,840

CREDITORS

Amounts falling due after more than one
year

1,890,320

2,038,320

NET ASSETS

714,161

658,520

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

713,161

657,520

SHAREHOLDERS' FUNDS

714,161

658,520

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 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 30 January 2017 and were signed on its behalf by:

M B A van Geffen - 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.

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

No provision is necessary.

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.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 1,120,500 (2015 - £ 1,370,500 )

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000