Company Registration No. 09072328 (England and Wales)
GILES & PIKE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
GILES & PIKE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
GILES & PIKE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
614,843
691,698
Tangible assets
2
67,480
76,306
682,323
768,004
Current assets
Stocks
64,194
95,522
Debtors
70,521
71,029
Cash at bank and in hand
219,927
187,957
354,642
354,508
Creditors: amounts falling due within one year
(518,623)
(798,295)
Net current liabilities
(163,981)
(443,787)
Total assets less current liabilities
518,342
324,217
Creditors: amounts falling due after more than one year
(35,576)
(50,647)
482,766
273,570
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
482,666
273,470
Shareholders' funds
482,766
273,570
GILES & PIKE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2016
31 October 2016
- 2 -
For the financial year ended 31 October 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 31 March 2017
T Pike
Director
Company Registration No. 09072328
GILES & PIKE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
1
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).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Patents
Intangible fixed assets are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.5
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:
Land and buildings Leasehold
Over the remaining lease term
Computer equipment
25% reducing balance
Fixtures, fittings & equipment
20% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 November 2015
768,553
95,843
864,396
Additions
-
10,948
10,948
At 31 October 2016
768,553
106,791
875,344
Depreciation
At 1 November 2015
76,855
19,537
96,392
Charge for the year
76,855
19,774
96,629
At 31 October 2016
153,710
39,311
193,021
Net book value
At 31 October 2016
614,843
67,480
682,323
At 31 October 2015
691,698
76,306
768,004
GILES & PIKE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
50 Ordinary A shares of £1 each
50
50
50 Ordinary B shares of £1 each
50
50
100
100
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