Abbreviated Company Accounts - GF PARTNERS LIMITED

GF PARTNERS LIMITED - Company Information

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Registered Number 07018871

GF PARTNERS LIMITED

Abbreviated Accounts

30 September 2016

GF PARTNERS LIMITED Registered Number 07018871

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,111	1,213
		1,111	1,213
Current assets
Debtors		43,697	40,594
Cash at bank and in hand		84,526	9,370
		128,223	49,964
Creditors: amounts falling due within one year		(66,360)	(48,960)
Net current assets (liabilities)		61,863	1,004
Total assets less current liabilities		62,974	2,217
Provisions for liabilities		(222)	(243)
Total net assets (liabilities)		62,752	1,974
Capital and reserves
Called up share capital	3	1,000	1,000
Share premium account		900	900
Profit and loss account		60,852	74
Shareholders' funds		62,752	1,974

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 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 30 June 2017

And signed on their behalf by:
G J Savage, Director
G Goodall, Director

GF PARTNERS LIMITED Registered Number 07018871

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

1Accounting Policies

Basis of measurement and preparation of accounts
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.

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.

ULTIMATE CONTROL
The company is ultimately controlled by Mr G Goodall.

The directors acknowledge their 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.

COMPANY INFORMATION

DIRECTORS:
G J Savage
G Goodall

SECRETARY:

REGISTERED OFFICE:
The Old Bakery
49 Post Street
Godmanchester
Cambridgeshire
PE29 2AQ

REGISTERED NUMBER:
07018871 (England and Wales)

ACCOUNTANTS:
Whiting & Partners Ltd
Chartered Accountants & Business Advisers
The Old Bakery
49 Post Street
Godmanchester
Cambridgeshire
PE29 2AQ

2Tangible fixed assets

	£
Cost
At 1 October 2015	9,666
Additions	691
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	10,357
Depreciation
At 1 October 2015	8,453
Charge for the year	793
On disposals	-
At 30 September 2016	9,246
Net book values
At 30 September 2016	1,111
At 30 September 2015	1,213

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 - 33 Percent on Reducing Balance

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

	2016 £	2015 £
400 Ordinary A shares of £1 each	400	400
400 Ordinary B shares of £1 each	400	400
200 Orindary C shares of £1 each	200	200

All categories are voting shares

4Transactions with directors

Name of director receiving advance or credit:	G GOODALL
Description of the transaction:	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
Balance at 1 October 2015:	£ 31,864
Advances or credits made:	£ 70,248
Advances or credits repaid:	£ 73,800
Balance at 30 September 2016:	£ 28,312

Name of director receiving advance or credit:	G J SAVAGE
Description of the transaction:	DIRECTORS ADVANCES, CREDITS AND GUARANTEES
Balance at 1 October 2015:	£ 0
Advances or credits made:	£ 80,457
Advances or credits repaid:	£ 73,800
Balance at 30 September 2016:	£ 6,657

The above advances and credits to the directors subsisted during the years ended 30 September 2016 and 30 September 2015.

The company charged interest at 3% on the loans to the directors.