GHQ Training Limited - Period Ending 2016-11-30

 
 
 
 
 
 
 
  GHQ Training Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 30 November 2016
 
  Company Registration Number: 04599425

GHQ Training Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

GHQ Training Limited
Abbreviated Balance Sheet
30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			71,067			64,907
Current assets
Stocks					9,158			4,371
Debtors					129,238			136,207
Cash at bank and in hand					36,232			128,648
					174,628			269,226
Creditors: Amounts falling due within one year					(92,907)			(75,395)
Net current assets					81,721			193,831
Total assets less current liabilities					152,788			258,738
Provisions for liabilities					(4,028)			(10,452)
Net assets					148,760			248,286
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					148,660			248,186
Shareholders' funds					148,760			248,286

For the year ending 30 November 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 9 April 2017 and signed on its behalf by:

......................................... Mr C J Rogers Director	......................................... Mrs J S Rogers Director
Company Registration Number: 04599425

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

GHQ Training Limited
Notes to the Abbreviated Accounts
Year Ended 30 November 2016 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance
Motor vehicles	25% reducing balance
Computer equipment	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

GHQ Training Limited
Notes to the Abbreviated Accounts
Year Ended 30 November 2016 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2015		202,977			202,977
Additions		22,797			22,797
At 30 November 2016		225,774			225,774
Depreciation
At 1 December 2015		138,070			138,070
Charge for the year		16,637			16,637
At 30 November 2016		154,707			154,707
Net book value
At 30 November 2016		71,067			71,067
At 30 November 2015		64,907			64,907

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr C J Rogers
Advances	4,655	12,000	11,957	15,026
Mrs J S Rogers
Advances	4,656	12,000	11,957	15,026

Page 3