Richard L Gibbon Limited - Accounts to registrar - small 17.2
Richard L Gibbon Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
FOR |
RICHARD L GIBBON LIMITED |
RICHARD L GIBBON LIMITED (REGISTERED NUMBER: 08022095) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 MARCH 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
RICHARD L GIBBON LIMITED |
COMPANY INFORMATION |
for the year ended 31 MARCH 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
27 Osborne Street |
Grimsby |
N E Lincs |
DN31 1NU |
RICHARD L GIBBON LIMITED (REGISTERED NUMBER: 08022095) |
ABRIDGED BALANCE SHEET |
31 MARCH 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
RICHARD L GIBBON LIMITED (REGISTERED NUMBER: 08022095) |
ABRIDGED BALANCE SHEET - continued |
31 MARCH 2017 |
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 director on |
RICHARD L GIBBON LIMITED (REGISTERED NUMBER: 08022095) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 MARCH 2017 |
1. | STATUTORY INFORMATION |
Richard L Gibbon Limited is a |
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 |
The significant accounting policies applied in the preparation of these financial statements are set out |
below. These policies have been consistently applied to all years presented unless otherwise stated. |
The company adopted FRS 102 Section 1A in the current year. No transitional adjustments arose on |
the adoption of the Standard. |
The financial statements are presented in sterling which is the functional currency of the company and |
rounded to the nearest £. |
Turnover |
Turnover represents the fair value of a share of profit from BG Solicitors LLP. |
Intangible assets - goodwill |
Goodwill, being the amount paid in connection with the acquisition of an interest in BG Solicitors LLP, |
is classified as an asset on the balance sheet and amortised on a straight line basis over its estimated |
useful life of 5 years. Provision is made for any impairment. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss |
account, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Debtors and creditors |
Debtors and creditors with no stated interest rate and receivable or payable within one year are |
recognised at transaction price. Any losses arising from impairment are recognised in the profit and |
loss account in other administrative expenses. |
RICHARD L GIBBON LIMITED (REGISTERED NUMBER: 08022095) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 MARCH 2017 |
2. | ACCOUNTING POLICIES - continued |
Loans and borrowings |
Loans payable to a director and shareholder of the company and their close family which are basic |
financial instruments are recognised at transaction price in accordance with paragraph 1.15A of FRS |
102. |
Employee benefits |
When employees have rendered service to the company, short-term employee benefits to which the |
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange |
for that service. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
AMORTISATION |
At 1 April 2016 |
Amortisation for year |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
5. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
2017 | 2016 |
£ | £ |
BG Solicitors LLP capital account | 50,000 | 50,000 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
RICHARD L GIBBON LIMITED (REGISTERED NUMBER: 08022095) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 MARCH 2017 |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 March 2017 and |
31 March 2016: |
2017 | 2016 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |