D. & B. Giles Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01103470 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

D. & B. Giles Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S G Giles

SECRETARY:

S G Giles

REGISTERED OFFICE:

16 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

REGISTERED NUMBER:

01103470 (England and Wales)

FIXED ASSETS

Tangible assets

2

10,479

13,465

CURRENT ASSETS

Stocks

500

Debtors

33,559

36,097

Cash at bank and in hand

41,673

42,176

75,732

78,773

CREDITORS

Amounts falling due within one year

3

29,221

25,978

NET CURRENT ASSETS

46,511

52,795

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,990

66,260

CREDITORS

Amounts falling due after more than one
year

3

-

(1,379

)

PROVISIONS FOR LIABILITIES

(118

)

(486

)

NET ASSETS

56,872

64,395

CAPITAL AND RESERVES

Called up share capital

4

103

Profit and loss account

56,769

64,292

SHAREHOLDERS' FUNDS

56,872

64,395

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 31 May 2017 and were signed by:

S G Giles - 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 October 2015

55,399

Additions

898

At 30 September 2016

56,297

DEPRECIATION

At 1 October 2015

41,934

Charge for year

3,884

At 30 September 2016

45,818

NET BOOK VALUE

At 30 September 2016

10,479

At 30 September 2015

13,465

3.

CREDITORS

Creditors include an amount of £ 1,379 (30.9.15 - £ 4,417 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

100

Ordinary

£1

100

1

Ordinary B

£1

1

Ordinary C

£1

1

Ordinary D

£1

1

103

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and

30 September 2015:

30.9.16

30.9.15

£

S G Giles

Balance outstanding at start of year

14,451

22,525

Amounts advanced

8,184

14,968

Amounts repaid

(12,156

)

(23,042

)

Balance outstanding at end of year

10,479

14,451