Giga Solutions Limited - Limited company - abbreviated

REGISTERED NUMBER: 02801390 (England and Wales)

GIGA SOLUTIONS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr R H Dhokia

SECRETARY:

Mrs H R Dhokia

REGISTERED OFFICE:

Enterprise House

Courtaulds Way

COVENTRY

West Midlands

CV6 5NX

REGISTERED NUMBER:

02801390 (England and Wales)

ACCOUNTANTS:

Mistry Accountants Limited

89 b & c Far Gosford Street

Coventry

CV1 5EA

FIXED ASSETS

Tangible assets

2

2,492

3,738

CURRENT ASSETS

Stocks

25,209

20,635

Debtors

190,373

111,159

Cash at bank and in hand

350,405

275,826

565,987

407,620

CREDITORS

Amounts falling due within one year

445,978

298,195

NET CURRENT ASSETS

120,009

109,425

TOTAL ASSETS LESS CURRENT
LIABILITIES

122,501

113,163

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

122,499

113,161

SHAREHOLDERS' FUNDS

122,501

113,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 30 August 2014 and were signed by:

Mr R H Dhokia - 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 April 2008).

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.

Plant and machinery etc

-

25% on cost

Stocks

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

moving items.

Deferred tax

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

sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

27,747

DEPRECIATION

At 1 April 2013

24,009

Charge for year

1,246

At 31 March 2014

25,255

NET BOOK VALUE

At 31 March 2014

2,492

At 31 March 2013

3,738

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

2

Ordinary shares

£1

2

Giga Solutions Limited - Limited company - abbreviated - 11.6

Giga Solutions Limited - Limited company - abbreviated - 11.6