Gillespie People Solutions Limited - Period Ending 2016-05-31

Registration number: SC400088

Gillespie People Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

AIMS Accountants for Business
12 Ravenshall
Cleland
Motherwell
Lanarkshire
ML1 5HT

Gillespie People Solutions Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Gillespie People Solutions Limited
(Registration number: SC400088)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					3,749			1,505
Current assets
Debtors					20,460			51,254
Cash at bank and in hand					81,723			38,481
					102,183			89,735
Creditors: Amounts falling due within one year					(22,418)			(32,968)
Net current assets					79,765			56,767
Total assets less current liabilities					83,514			58,272
Provisions for liabilities					(750)			(219)
Net assets					82,764			58,053
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					82,763			58,052
Shareholders' funds					82,764			58,053

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 24 February 2017

.........................................
Mrs Hazel Gillespie
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Gillespie People Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	25% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Gillespie People Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		3,036			3,036
Additions		3,912			3,912
At 31 May 2016		6,948			6,948
Depreciation
At 1 June 2015		1,531			1,531
Charge for the year		1,668			1,668
At 31 May 2016		3,199			3,199
Net book value
At 31 May 2016		3,749			3,749
At 31 May 2015		1,505			1,505

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3