Gorky Limited - Period Ending 2016-09-30

Registration number: 06269647

Gorky Limited
 
  Unaudited Abbreviated Accounts
 
  for the Period from 1 July 2015 to 30 September 2016
 
 

Gorky Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Gorky Limited
(Registration number: 06269647)
Abbreviated Balance Sheet at 30 September 2016

		Note			30 September 2016 £			30 June 2015 £
Current assets
Stocks					1,070,019			1,070,019
Debtors					201			341
Cash at bank and in hand					3,966			8,787
					1,074,186			1,079,147
Creditors: Amounts falling due within one year					(662,000)			(662,000)
Net assets					412,186			417,147
Capital and reserves
Called up share capital		2			1			1
Profit and loss account					412,185			417,146
Shareholders' funds					412,186			417,147

For the year ending 30 September 2016 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 director acknowledges his 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 director

.........................................
A G Bunker
Director

Date: 16 June 2017

The notes on page 2 form an integral part of these financial statements.
Page 1

Gorky Limited
Notes to the Abbreviated Accounts for the Period from 1 July 2015 to 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Monetory assets and liabilites denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	30 September 2016						30 June 2015
		No.			£			No.			£
1 Ordinary share of £1 each		1			1			1			1

Page 2