Georgina Luck Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09060142 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 May 2016

for

Georgina Luck Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs G M Drew

REGISTERED OFFICE:

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

REGISTERED NUMBER:

09060142 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

2

1,097

1,646

CURRENT ASSETS

Stocks

1,380

3,090

Debtors

3,810

10,550

Cash at bank

60,588

68,113

65,778

81,753

CREDITORS

Amounts falling due within one year

62,130

57,884

NET CURRENT ASSETS

3,648

23,869

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,745

25,515

PROVISIONS FOR LIABILITIES

208

329

NET ASSETS

4,537

25,186

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

4,536

25,185

SHAREHOLDERS' FUNDS

4,537

25,186

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 21 February 2017 and were signed by:

Mrs G M Drew - 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.

Computer equipment

-

25% on cost

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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

2,194

DEPRECIATION

At 1 June 2015

548

Charge for year

549

At 31 May 2016

1,097

NET BOOK VALUE

At 31 May 2016

1,097

At 31 May 2015

1,646

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

1

Ordinary

£1

1

4.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs G M Drew.