Gee-Kent Ho Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09176672 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2016

FOR

GEE-KENT HO LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G K Ho

REGISTERED OFFICE:

C11 Marquis Court

Team Valley

Gateshead

Tyne and Wear

NE11 0RU

REGISTERED NUMBER:

09176672 (England and Wales)

ACCOUNTANTS:

McManus Hall Ltd

C11 Marquis Court

Team Valley

Gateshead

Tyne and Wear

NE11 0RU

FIXED ASSETS

Intangible assets

2

8,000

9,000

Tangible assets

3

4,560

6,184

12,560

15,184

CURRENT ASSETS

Stocks

325

-

Debtors

1,798

-

Cash at bank

25,401

22,343

27,524

22,343

CREDITORS

Amounts falling due within one year

(31,641

)

(27,736

)

NET CURRENT LIABILITIES

(4,117

)

(5,393

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,443

9,791

PROVISIONS FOR LIABILITIES

-

(7

)

NET ASSETS

8,443

9,784

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

8,343

9,684

SHAREHOLDERS' FUNDS

8,443

9,784

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 9th May 2017 and were signed by:

G K Ho - Director

1.	ACCOUNTING POLICIES

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United

Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

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 2014, is being amortised evenly over its estimated useful life of ten years.

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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

and 31st August 2016

10,000

AMORTISATION

At 1st September 2015

1,000

Amortisation for year

1,000

At 31st August 2016

2,000

NET BOOK VALUE

At 31st August 2016

8,000

At 31st August 2015

9,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

8,245

Additions

583

At 31st August 2016

8,828

DEPRECIATION

At 1st September 2015

2,061

Charge for year

2,207

At 31st August 2016

4,268

NET BOOK VALUE

At 31st August 2016

4,560

At 31st August 2015

6,184

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/16

31/8/15

value:

£

100

Ordinary

1.00

100