Abbreviated Company Accounts - GAYA LIMITED

Abbreviated Company Accounts - GAYA LIMITED

GAYA LIMITED - Company Information

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Registered Number 04958456

GAYA LIMITED

Abbreviated Accounts

30 March 2016

GAYA LIMITED Registered Number 04958456

Abbreviated Balance Sheet as at 30 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 153 180
Investments 3 696,990 696,990
697,143 697,170
Current assets
Debtors - 12,808
Cash at bank and in hand 30,272 1,957
30,272 14,765
Creditors: amounts falling due within one year 4 (304,481) (354,927)
Net current assets (liabilities) (274,209) (340,162)
Total assets less current liabilities 422,934 357,008
Creditors: amounts falling due after more than one year 4 (335,561) (362,671)
Total net assets (liabilities) 87,373 (5,663)
Capital and reserves
Called up share capital 5 1 1
Other reserves 3,242 3,242
Profit and loss account 84,130 (8,906)
Shareholders' funds 87,373 (5,663)
  • For the year ending 30 March 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 directors acknowledge their 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 Board on 13 March 2017

And signed on their behalf by:
Mrs S Mistry, Director

GAYA LIMITED Registered Number 04958456

Notes to the Abbreviated Accounts for the period ended 30 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 15% reducing balance

Valuation information and policy
Investment properties are included in the balance sheet at their open market value. Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for Investment Properties, it is a departure from the general requirements of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets
£
Cost
At 1 April 2015 685
Additions -
Disposals -
Revaluations -
Transfers -
At 30 March 2016 685
Depreciation
At 1 April 2015 505
Charge for the year 27
On disposals -
At 30 March 2016 532
Net book values
At 30 March 2016 153
At 31 March 2015 180

3Fixed assets Investments
Cost
At 1 April 2015 696,990

Depreciation
At 1 April 2015 0
Charge for period 0
At 30 March 2016 0

Net book values
At 30 March 2016 696,990
At 31 March 2015 696,990

4Creditors
2016
£		 2015
£
Secured Debts 359,191 386,301
5Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
1 Ordinary share of £1 each 1 1