| RE Giles Ltd. |
| Registered number: |
08126977 |
| Abbreviated Balance Sheet |
| as at 30 September 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
6,000 |
|
|
7,000 |
| Tangible assets |
3 |
|
|
5,545 |
|
|
7,212 |
|
|
|
|
11,545 |
|
|
14,212 |
|
| Current assets |
| Stock and work in progress |
|
|
500 |
|
|
2,000 |
| Debtors |
|
|
4,383 |
|
|
4,627 |
| Cash at bank and in hand |
|
|
4,353 |
|
|
4,084 |
|
|
|
9,236 |
|
|
10,711 |
|
| Creditors: amounts falling due within one year |
|
|
(12,450) |
|
|
(5,295) |
|
| Net current assets |
|
|
|
(3,214) |
|
|
5,416 |
|
| Net assets |
|
|
|
8,331 |
|
|
19,628 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
8,330 |
|
|
19,627 |
|
| Shareholder's funds |
|
|
|
8,331 |
|
|
19,628 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| RE Giles Esq. |
| Director |
| Approved by the board on 28 June 2017 |
|
| RE Giles Ltd. |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures, fittings and equipment |
15% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
Computer equipment |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
10,000 |
|
At 30 September 2016 |
10,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2015 |
3,000 |
|
Provided during the year |
1,000 |
|
At 30 September 2016 |
4,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
6,000 |
|
At 30 September 2015 |
7,000 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
16,057 |
|
At 30 September 2016 |
16,057 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2015 |
8,845 |
|
Charge for the year |
1,667 |
|
At 30 September 2016 |
10,512 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
5,545 |
|
At 30 September 2015 |
7,212 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
RE Giles |
|
Overdrawn directors loan account |
841 |
|
20,869 |
|
(25,908) |
|
(4,198) |
|
|
|
841 |
|
20,869 |
|
(25,908) |
|
(4,198) |
|
|
|
|
|
|
|
|
|
