Ghiaci Goodhand Smith Limited - Accounts to registrar - small 17.1

Ghiaci Goodhand Smith Limited - Accounts to registrar - small 17.1

GHIACI GOODHAND SMITH LIMITED - Company Information

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05013749 1.8.15 31.7.16 31.7.16 Company accounts Private Limited Company FY true false false true true false false true false Ordinary 0.50000 Ordinary A 0.50000 Ordinary B 0.50000 Ordinary C 0.50000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure050137492015-07-31050137492016-07-31050137492015-08-012016-07-31050137492014-07-31050137492014-08-012015-07-31050137492015-07-3105013749ns12:England2015-08-012016-07-3105013749ns14:PoundSterling2015-08-012016-07-3105013749ns7:Director12015-08-012016-07-3105013749ns7:OrdinaryShareClass22015-08-012016-07-3105013749ns7:OrdinaryShareClass32015-08-012016-07-3105013749ns7:OrdinaryShareClass42015-08-012016-07-3105013749ns7:OrdinaryShareClass52015-08-012016-07-3105013749ns7:RegisteredOffice2015-08-012016-07-3105013749ns7:EntityAccountantsOrAuditors2015-08-012016-07-3105013749ns5:FixturesFittings2015-08-012016-07-3105013749ns5:ComputerEquipment2015-08-012016-07-3105013749ns5:NetGoodwill2015-07-3105013749ns5:NetGoodwill2015-08-012016-07-3105013749ns5:NetGoodwill2016-07-3105013749ns5:NetGoodwill2015-07-3105013749ns5:FixturesFittings2015-07-3105013749ns5:ComputerEquipment2015-07-3105013749ns5:FixturesFittings2016-07-3105013749ns5:ComputerEquipment2016-07-3105013749ns5:FixturesFittings2015-07-3105013749ns5:ComputerEquipment2015-07-3105013749ns5:WithinOneYear2016-07-3105013749ns5:WithinOneYear2015-07-3105013749ns5:ProvisionsForDeferredTaxation2015-07-3105013749ns5:ProvisionsForDeferredTaxation2016-07-3105013749ns7:OrdinaryShareClass22016-07-3105013749ns7:OrdinaryShareClass22015-07-3105013749ns7:OrdinaryShareClass32016-07-3105013749ns7:OrdinaryShareClass32015-07-3105013749ns7:OrdinaryShareClass42016-07-3105013749ns7:OrdinaryShareClass42015-07-3105013749ns7:OrdinaryShareClass52016-07-3105013749ns7:OrdinaryShareClass52015-07-31
REGISTERED NUMBER: 05013749 (England and Wales)
















Financial Statements

for the Year Ended 31 July 2016

for

Ghiaci Goodhand Smith Limited

Ghiaci Goodhand Smith Limited (Registered number: 05013749)






Contents of the Financial Statements
for the Year Ended 31 July 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ghiaci Goodhand Smith Limited

Company Information
for the Year Ended 31 July 2016







DIRECTOR: M Lewis





REGISTERED OFFICE: 12a Marlborough Place
Brighton
East Sussex
BN1 1WN





REGISTERED NUMBER: 05013749 (England and Wales)





ACCOUNTANTS: Ghiaci Goodhand Smith Limited
12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN
Page 1
Ghiaci Goodhand Smith Limited (Registered number: 05013749)

Balance Sheet
31 July 2016

31.7.16 31.7.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 27,272 34,090
Tangible assets 3 12,873 17,164
40,145 51,254

CURRENT ASSETS
Stocks 7,700 7,700
Debtors 4 263,346 207,464
Cash at bank and in hand 217 83,153
271,263 298,317
CREDITORS
Amounts falling due within one
year
5
91,304
152,848
NET CURRENT ASSETS 179,959 145,469
TOTAL ASSETS LESS CURRENT
LIABILITIES
220,104
196,723

PROVISIONS FOR LIABILITIES 7 664 664
NET ASSETS 219,440 196,059

CAPITAL AND RESERVES
Called up share capital 8 750 750
Profit and loss account 9 218,690 195,309
SHAREHOLDERS' FUNDS 219,440 196,059

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 notes form part of these financial statements

Page 2 continued...
Ghiaci Goodhand Smith Limited (Registered number: 05013749)

Balance Sheet - continued
31 July 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 April 2017 and were signed by:





M Lewis - Director


The notes form part of these financial statements

Page 3
Ghiaci Goodhand Smith Limited (Registered number: 05013749)

Notes to the Financial Statements
for the Year Ended 31 July 2016

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of nil years.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.

Work in progress is valued at sales value. It represents work done at the period end not
yet invoiced and is valued in accordance with the terms of UITF 40.

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

2. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2015
and 31 July 2016 179,313
AMORTISATION
At 1 August 2015 145,223
Charge for year 6,818
At 31 July 2016 152,041
NET BOOK VALUE
At 31 July 2016 27,272
At 31 July 2015 34,090

Page 4 continued...
Ghiaci Goodhand Smith Limited (Registered number: 05013749)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2016

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2015
and 31 July 2016 35,650 44,970 80,620
DEPRECIATION
At 1 August 2015 31,833 31,623 63,456
Charge for year 954 3,337 4,291
At 31 July 2016 32,787 34,960 67,747
NET BOOK VALUE
At 31 July 2016 2,863 10,010 12,873
At 31 July 2015 3,817 13,347 17,164

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.16 31.7.15
£    £   
Trade debtors 143,661 106,329
Other debtors 119,685 101,135
263,346 207,464

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.16 31.7.15
£    £   
Bank loans and overdrafts 27,396 -
Trade creditors 3,393 12,925
Taxation and social security 41,563 33,349
Other creditors 18,952 106,574
91,304 152,848

6. LOANS

An analysis of the maturity of loans is given below:

31.7.16 31.7.15
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 27,396 -

7. PROVISIONS FOR LIABILITIES
31.7.16 31.7.15
£    £   
Deferred tax 664 664

Page 5 continued...
Ghiaci Goodhand Smith Limited (Registered number: 05013749)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2016

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2015 664
Balance at 31 July 2016 664

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.16 31.7.15
value: £    £   
400 Ordinary 50p 200 200
340 Ordinary A 50p 170 170
40 Ordinary B 50p 20 20
20 Ordinary C 50p 10 10
700 Ordinary D 50p 350 350
750 750

9. RESERVES
Profit
and loss
account
£   

At 1 August 2015 195,309
Profit for the year 98,291
Dividends (74,910 )
At 31 July 2016 218,690

Page 6