CITY_SERVICES_(GREAT_HOWA - Accounts

CITY SERVICES (GREAT HOWARD STREET) LTD - Company Information

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Company Registration No. 06308635 (England and Wales)

CITY SERVICES (GREAT HOWARD STREET) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

CITY SERVICES (GREAT HOWARD STREET) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CITY SERVICES (GREAT HOWARD STREET) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

145,335

197,689

Current assets

Stocks

94,082

61,177

Debtors

434,119

335,947

Cash at bank and in hand

15,835

23,990

544,036

421,114

Creditors: amounts falling due within one year

(385,044)

(424,798)

Net current assets/(liabilities)

158,992

(3,684)

Total assets less current liabilities

304,327

194,005

Creditors: amounts falling due after more than one year

(29,983)

(58,899)

Provisions for liabilities

(23,746)

(1,752)

250,598

133,354

Capital and reserves

Called up share capital

Profit and loss account

250,596

133,352

Shareholders' funds

250,598

133,354

CITY SERVICES (GREAT HOWARD STREET) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 February 2017

Mr A Patel

Director

Company Registration No. 06308635

CITY SERVICES (GREAT HOWARD STREET) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied and includes cash sales, goods sold on credit, commissions and other rental income. It is stated net of VAT, discounts and incentives.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Leasehold properties

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Stock

Stock is stated at cost or net realisable value, whichever is lower. Cost comprises direct purchase costs (including transportation) and is determined using the first-in, first-out (FIFO) method for all stocks.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

CITY SERVICES (GREAT HOWARD STREET) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 July 2015

421,339

Additions

5,749

At 30 June 2016

427,088

Depreciation

At 1 July 2015

223,650

Charge for the year

58,103

At 30 June 2016

281,753

Net book value

At 30 June 2016

145,335

At 30 June 2015

197,689

Share capital

2016

2015

Allotted, called up and fully paid

2 ordinary shares of £1 each