GOODWOOD-STOCK_LIMITED - Accounts

GOODWOOD-STOCK LIMITED - Company Information

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Company Registration No. 09113557 (England and Wales)

GOODWOOD-STOCK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

GOODWOOD-STOCK LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

GOODWOOD-STOCK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

39,514

10,320

Current assets

Stocks

75,994

61,027

Debtors

12,715

2,936

Cash at bank and in hand

6,510

8,746

95,219

72,709

Creditors: amounts falling due within one year

(111,285)

(81,146)

Net current liabilities

(16,066)

(8,437)

Total assets less current liabilities

23,448

1,883

Creditors: amounts falling due after more than one year

(11,454)

Provisions for liabilities

(7,902)

4,092

1,883

Capital and reserves

Called up share capital

100

Profit and loss account

3,992

1,783

Shareholders' funds

4,092

1,883

GOODWOOD-STOCK 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 27 March 2017

Mr R P Evans

Mrs J Evans

Director

Company Registration No. 09113557

GOODWOOD-STOCK 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).

The directors are of the opinion that they intend to support the company as necessary in meeting its working capital requirements, and accordingly, the accounts are prepared on a going concern basis. As at the balance sheet date, the company had net current liabilities of £16,066 (2015 £8,437).

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 represents amounts receivable for goods and services net of VAT and trade discounts.

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

15% on reducing balance

Fixtures, fittings & equipment

15% on reducing balance

Motor vehicles

Fixed assets

Tangible assets

Cost

At 1 July 2015

12,033

Additions

45,271

Disposals

(9,603)

At 30 June 2016

47,701

Depreciation

At 1 July 2015

1,713

On disposals

(1,440)

Charge for the year

7,914

At 30 June 2016

8,187

Net book value

At 30 June 2016

39,514

At 30 June 2015

10,320

GOODWOOD-STOCK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £5,479 (2015 - £0).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £11,454 (2015 - £0).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Transactions with directors

Included within creditors are amounts due to the directors of £11,322 (2015 £18,428).