Gladwin Limited - Period Ending 2016-12-31

Registration number: 09361597

Gladwin Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Gladwin Limited

Contents

 

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 4

Gladwin Limited

Registration number: 09361597

Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Fixed assets
Other financial assets	4	5,000	-
Current assets
Debtors	5	66,066	59,200
Cash at bank and in hand		4,099	-
		70,165	59,200
Creditors: Amounts falling due within one year	6	(79,225)	(57,712)
Net current (liabilities)/assets		(9,060)	1,488
Net (liabilities)/assets		(4,060)	1,488
Capital and reserves
Called up share capital		300	300
Profit and loss account		(4,360)	1,188
Total equity		(4,060)	1,488

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 1

Gladwin Limited

Registration number: 09361597

Balance Sheet as at 31 December 2016 (continued)

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 September 2017 and signed on its behalf by:
 

T Winch-Furness

Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Gladwin Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN

These financial statements were authorised for issue by the Board on 27 September 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The continuation of the company's activities is dependent on the continued financial support of its director. The financial statements have been prepared on the going concern basis on the understanding that his financial support will continue.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Page 3

Gladwin Limited

Notes to the Financial Statements for the Year Ended 31 December 2016 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2015 - 1).

4	Other financial assets (current and non-current)

	2016 £	2015 £
Non-current financial assets
Financial assets at cost less impairment	5,000	-

5

Debtors

	2016 £	2015 £
Other debtors	66,066	59,200
Total current trade and other debtors	66,066	59,200

6

Creditors

	Note	2016 £	2015 £
Due within one year
Director's loan account		37,094	22,421
Other creditors		42,131	35,291
		79,225	57,712

Page 4