Gibson Creative Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05169024

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

GIBSON CREATIVE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Gibson

SECRETARY:

C Jennings

REGISTERED OFFICE:

22 Portman Avenue

London

SW14 8NX

REGISTERED NUMBER:

05169024

ACCOUNTANTS:

Farndon Accountancy

Warren Place

Birch Vale

Cobham

Surrey

KT11 2PX

FIXED ASSETS

Tangible assets

2

1,298

1,541

CURRENT ASSETS

Debtors

9,093

12,572

Cash at bank

11,555

6,384

20,648

18,956

CREDITORS

Amounts falling due within one year

7,492

11,415

NET CURRENT ASSETS

13,156

7,541

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,454

9,082

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

14,444

9,072

SHAREHOLDERS' FUNDS

14,454

9,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 April 2017 and were signed by:

S Gibson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

10,409

DEPRECIATION

At 1 August 2015

8,868

Charge for year

243

At 31 July 2016

9,111

NET BOOK VALUE

At 31 July 2016

1,298

At 31 July 2015

1,541

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

Ordinary

£1

10