Gold Seal Home Care Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC132183 (Scotland)

Abbreviated Unaudited Accounts

For The Year Ended 31 October 2016

for

Gold Seal Home Care Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J McNamee

P McNamee

SECRETARY:

J McNamee

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

G32 8FH

REGISTERED NUMBER:

SC132183 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

CURRENT ASSETS

Stocks

78,534

67,283

Debtors

143,149

218,094

Cash at bank

254,686

223,929

476,369

509,306

CREDITORS

Amounts falling due within one year

2

179,191

228,866

NET CURRENT ASSETS

297,178

280,440

TOTAL ASSETS LESS CURRENT
LIABILITIES

297,178

280,440

CAPITAL AND RESERVES

Called up share capital

3

50,000

Capital redemption reserve

50,000

Profit and loss account

197,178

180,440

SHAREHOLDERS' FUNDS

297,178

280,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 10 July 2017 and were signed on its behalf by:

J McNamee - 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.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Government grants

The company credits grants received to a deferred credit account and releases the grant to Profit and Loss Account over the

period within which the grant could become repayable.

2.

CREDITORS

Creditors include an amount of £ 7,374 (31.10.15 - £ 23,538 ) for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

50,000

Ordinary

£1

50,000