Gowrings (Abingdon) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00891095 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

GOWRINGS (ABINGDON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr G Allison

Mrs S J Allison

REGISTERED OFFICE:

Millwrights

Old Mill Lane

Bray

Maidenhead

Berkshire

SL6 2BD

REGISTERED NUMBER:

00891095 (England and Wales)

ACCOUNTANTS:

R Firkin Accountancy Services Ltd

98 The Moors

Kidlington

Oxfordshire

OX5 2AG

FIXED ASSETS

Tangible assets

2

530,355

530,582

CURRENT ASSETS

Debtors

6,407

-

Cash at bank

-

23,913

6,407

23,913

CREDITORS

Amounts falling due within one year

49,121

50,899

NET CURRENT LIABILITIES

(42,714

)

(26,986

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

487,641

503,596

CAPITAL AND RESERVES

Called up share capital

3

40,000

Revaluation reserve

400,000

Profit and loss account

47,641

63,596

SHAREHOLDERS' FUNDS

487,641

503,596

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 14 July 2017 and were signed on its behalf by:

Mr G Allison - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

534,731

DEPRECIATION

At 1 November 2015

4,149

Charge for year

227

At 31 October 2016

4,376

NET BOOK VALUE

At 31 October 2016

530,355

At 31 October 2015

530,582

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

40,000

Ordinary shares

1

40,000