GAINSBOROUGH_FINANCIAL_SO - Accounts

GAINSBOROUGH FINANCIAL SOLUTIONS LIMITED - Company Information

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GAINSBOROUGH FINANCIAL SOLUTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

Company Registration No. 04961476 (England and Wales)

GAINSBOROUGH FINANCIAL SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GAINSBOROUGH FINANCIAL SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

10,500

Tangible assets

5,918

5,754

5,918

16,254

Current assets

Debtors

24,152

16,789

Cash at bank and in hand

28,089

29,553

52,241

46,342

Creditors: amounts falling due within one year

(27,202)

(29,200)

Net current assets

25,039

17,142

Total assets less current liabilities

30,957

33,396

Provisions for liabilities

(1,106)

(1,056)

29,851

32,340

Capital and reserves

Called up share capital

120

Profit and loss account

29,731

32,220

Shareholders' funds

29,851

32,340

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 August 2017

Mr Paul Plagerson

Director

Company Registration No. 04961476

GAINSBOROUGH FINANCIAL SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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 and machinery

20% on written down value

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 December 2015

119,648

19,438

139,086

Additions

1,643

At 30 November 2016

119,648

21,081

140,729

Depreciation

At 1 December 2015

109,148

13,684

122,832

Charge for the year

10,500

1,479

11,979

At 30 November 2016

119,648

15,163

134,811

Net book value

At 30 November 2016

5,918

At 30 November 2015

10,500

5,754

16,254

GAINSBOROUGH FINANCIAL SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

60 Ordinary A of £1 each

40 Ordinary C of £1 each

20 Ordinary D of £1 each

120