Beautiful Gardens Grounds Maintenance Lt - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 07283620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

BEAUTIFUL GARDENS GROUNDS MAINTENANCE

LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G S Birch

SECRETARY:

Mrs F V Birch

REGISTERED OFFICE:

5 Larkspur Way

Clayhanger

Walsall

West Midlands

WS8 7RA

REGISTERED NUMBER:

07283620 (England and Wales)

ACCOUNTANTS:

Brookes Stephens

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

Fixed assets

Intangible assets

5

-

-

Tangible assets

6

1,109

1,478

1,109

1,478

Current assets

Debtors

4,893

6,646

Cash at bank

2,364

3,747

7,257

10,393

Creditors

Amounts falling due within one year

4,752

7,242

Net current assets

2,505

3,151

Total assets less current liabilities

3,614

4,629

Creditors

Amounts falling due after more than one year

7

2,591

4,521

Net assets

1,023

108

Capital and reserves

Called up share capital

10

10

Retained earnings

1,013

98

Shareholders' funds

1,023

108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 June 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 March 2017 and were signed by:

Mr G S Birch - Director

1.	STATUTORY INFORMATION

Beautiful Gardens Grounds Maintenance Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of good and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2015

and 30 June 2016

2,350

AMORTISATION

At 1 July 2015

and 30 June 2016

2,350

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2015

and 30 June 2016

5,130

DEPRECIATION

At 1 July 2015

3,652

Charge for year

369

At 30 June 2016

4,021

NET BOOK VALUE

At 30 June 2016

1,109

At 30 June 2015

1,478

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

2,591

4,521

8.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank loans

4,639

7,187

The director has provided personal guarantees in respect of the overdraft and bank loan.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2016 and 30 June 2015:

2016

2015

£

£

Mr G S Birch

Balance outstanding at start of year

4,714

-

Amounts advanced

2,437

4,714

Amounts repaid

(3,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,151

4,714

This loan is interest free and repayable on demand.