Garry A Mines Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04860648 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 30 September 2016

for

Garry A Mines Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr G A Mines

SECRETARY:

Mrs J Mines

REGISTERED OFFICE:

36 Mile Street

Bozeat

Wellingborough

Northamptonshire

NN29 7NB

REGISTERED NUMBER:

04860648 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

1 Billing Road

Northampton

Northamptonshire

NN1 5AL

FIXED ASSETS

Intangible assets

2

7,200

7,800

Tangible assets

3

155

207

7,355

8,007

CURRENT ASSETS

Debtors

2,339

2,860

Cash at bank

3,059

1,623

5,398

4,483

CREDITORS

Amounts falling due within one year

8,075

7,881

NET CURRENT LIABILITIES

(2,677

)

(3,398

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,678

4,609

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

4,677

4,608

SHAREHOLDERS' FUNDS

4,678

4,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 February 2017 and were signed by:

Mr G A Mines - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty five 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

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

15,000

AMORTISATION

At 1 October 2015

7,200

Amortisation for year

600

At 30 September 2016

7,800

NET BOOK VALUE

At 30 September 2016

7,200

At 30 September 2015

7,800

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

2,674

DEPRECIATION

At 1 October 2015

2,467

Charge for year

52

At 30 September 2016

2,519

NET BOOK VALUE

At 30 September 2016

155

At 30 September 2015

207

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/16

30/9/15

value:

£

1

Ordinary

1