Abbreviated Company Accounts - GOSBERG CO.LIMITED

GOSBERG CO.LIMITED - Company Information

00615137 GOSBERG CO.LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 00615137 2013-04-01 2014-03-31 00615137 2014-03-31 00615137 2013-03-31 00615137 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 00615137 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 00615137

GOSBERG CO.LIMITED

Abbreviated Accounts

31 March 2014

GOSBERG CO.LIMITED Registered Number 00615137

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,223,770	1,223,770
		1,223,770	1,223,770
Current assets
Debtors		1,048,117	1,223,908
Cash at bank and in hand		90,173	74,710
		1,138,290	1,298,618
Creditors: amounts falling due within one year		(450,774)	(892,571)
Net current assets (liabilities)		687,516	406,047
Total assets less current liabilities		1,911,286	1,629,817
Total net assets (liabilities)		1,911,286	1,629,817
Capital and reserves
Called up share capital	3	5,100	5,100
Other reserves		192,618	192,618
Profit and loss account		1,713,568	1,432,099
Shareholders' funds		1,911,286	1,629,817

For the year ending 31 March 2014 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 22 October 2014

And signed on their behalf by:
HEINRICH FELDMAN, Director

GOSBERG CO.LIMITED Registered Number 00615137

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover of the company is derived solely from rental income.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 April 2013	1,223,770
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,223,770
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	1,223,770
At 31 March 2013	1,223,770

Fixed assets

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
5,100 Ordinary shares of £1 each	5,100	5,100