G.E.D. Wealth Limited - Accounts to registrar (filleted) - small 17.3

G.E.D. Wealth Limited - Accounts to registrar (filleted) - small 17.3

G.E.D. WEALTH LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.3.1.106 08422413 Board of Directors 1.4.16 31.3.17 31.3.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084224132016-03-31084224132017-03-31084224132016-04-012017-03-31084224132015-03-31084224132015-04-012016-03-31084224132016-03-3108422413ns15:EnglandWales2016-04-012017-03-3108422413ns14:PoundSterling2016-04-012017-03-3108422413ns10:Director12016-04-012017-03-3108422413ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3108422413ns10:SmallEntities2016-04-012017-03-3108422413ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3108422413ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3108422413ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3108422413ns10:FullAccounts2016-04-012017-03-3108422413ns10:Director22016-04-012017-03-3108422413ns10:RegisteredOffice2016-04-012017-03-3108422413ns5:CurrentFinancialInstruments2017-03-3108422413ns5:CurrentFinancialInstruments2016-03-3108422413ns5:ShareCapital2017-03-3108422413ns5:ShareCapital2016-03-3108422413ns5:RetainedEarningsAccumulatedLosses2017-03-3108422413ns5:RetainedEarningsAccumulatedLosses2016-03-3108422413ns5:PlantMachinery2016-04-012017-03-3108422413ns5:FurnitureFittings2016-04-012017-03-3108422413ns5:ComputerEquipment2016-04-012017-03-3108422413ns5:PlantMachinery2016-03-3108422413ns5:FurnitureFittings2016-03-3108422413ns5:ComputerEquipment2016-03-3108422413ns5:PlantMachinery2017-03-3108422413ns5:FurnitureFittings2017-03-3108422413ns5:ComputerEquipment2017-03-3108422413ns5:PlantMachinery2016-03-3108422413ns5:FurnitureFittings2016-03-3108422413ns5:ComputerEquipment2016-03-3108422413ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3108422413ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-31


REGISTERED NUMBER: 08422413 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

G.E.D. Wealth Limited
G.E.D. Wealth Limited (Registered number: 08422413)

Contents of the Financial Statements
for the Year Ended 31 March 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G.E.D. Wealth Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: M G Wright
C E Hockin





REGISTERED OFFICE: The Mill House
Boundary Road
Loudwater
High Wycombe
Bucks.
HP10 9QN





REGISTERED NUMBER: 08422413 (England and Wales)





ACCOUNTANTS: The Fish Partnership
The Mill House
Boundary Road
Loudwater
High Wycombe
Bucks.
HP10 9QN
-1-
G.E.D. Wealth Limited (Registered number: 08422413)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,559 5,409

CURRENT ASSETS
Debtors 5 47,923 59,242
Investments 6 20,086 -
Cash at bank 128,604 113,841
196,613 173,083
CREDITORS
Amounts falling due within one year 7 66,848 78,804
NET CURRENT ASSETS 129,765 94,279
TOTAL ASSETS LESS CURRENT
LIABILITIES
137,324
99,688

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 137,304 99,668
SHAREHOLDERS' FUNDS 137,324 99,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 8 December 2017 and were signed on
its behalf by:




M G Wright - Director


The notes form part of these financial statements

-2-
G.E.D. Wealth Limited (Registered number: 08422413)

Notes to the Financial Statements
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

G.E.D. Wealth Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

-3- continued...
G.E.D. Wealth Limited (Registered number: 08422413)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2016 - 6,359 2,736 9,095
Additions 1,328 1,713 2,072 5,113
At 31 March 2017 1,328 8,072 4,808 14,208
DEPRECIATION
At 1 April 2016 - 1,590 2,096 3,686
Charge for year 332 1,621 1,010 2,963
At 31 March 2017 332 3,211 3,106 6,649
NET BOOK VALUE
At 31 March 2017 996 4,861 1,702 7,559
At 31 March 2016 - 4,769 640 5,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 40,532 49,001
Other debtors 7,391 10,241
47,923 59,242

6. CURRENT ASSET INVESTMENTS
2017 2016
£    £   
Other Investment 20,086 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 54,303 60,759
Other creditors 12,545 18,045
66,848 78,804

8. OTHER FINANCIAL COMMITMENTS

At 31 March 2017, the company had total commitments under non-cancellable operating leases over
the remaining life of those leases of £41,060 (2016 : £54,260).

9. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed under
Section 1A "Small Entities" of Financial Reporting Standard 102.

-4-