Abbreviated Company Accounts - GREATFIELD ELECTRONIC DESIGN LTD

GREATFIELD ELECTRONIC DESIGN LTD - Company Information

03978181 GREATFIELD ELECTRONIC DESIGN LTD 2016-11-30 false 2015-12-01 2016-11-30 true 03978181 2015-12-01 2016-11-30 03978181 2016-11-30 03978181 2015-11-30 03978181 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 03978181 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

Registered Number 03978181

GREATFIELD ELECTRONIC DESIGN LTD

Abbreviated Accounts

30 November 2016

GREATFIELD ELECTRONIC DESIGN LTD Registered Number 03978181

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	726	2,639
Investments		-	-
		726	2,639
Current assets
Stocks		-	-
Debtors		9,600	9,600
Investments		-	-
Cash at bank and in hand		43,658	57,221
		53,258	66,821
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(37,391)	(32,607)
Net current assets (liabilities)		15,867	34,214
Total assets less current liabilities		16,593	36,853
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		16,593	36,853
Capital and reserves
Called up share capital	3	2	2
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		16,591	36,851
Shareholders' funds		16,593	36,853

For the year ending 30 November 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 directors acknowledge their 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 Board on 1 June 2017

And signed on their behalf by:
Mr Mark Byrne, Director

GREATFIELD ELECTRONIC DESIGN LTD Registered Number 03978181

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows :
Plant & machinery - 33.3% Straight line method
Computer equipment - 33.3% Straight line method

2Tangible fixed assets

	£
Cost
At 1 December 2015	70,605
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 November 2016	70,605
Depreciation
At 1 December 2015	67,966
Charge for the year	1,913
On disposals	0
At 30 November 2016	69,879
Net book values
At 30 November 2016	726
At 30 November 2015	2,639

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2