Company Registration No. 8984500 (England and Wales)
Gauntly & Arabin Limited
Unaudited accounts
for the year ended 31 March 2017
Gauntly & Arabin Limited
Statement of financial position
as at 31 March 2017
Cash at bank and in hand
28,631
16,503
Creditors: amounts falling due within one year
(39,271)
(24,237)
Net current assets
154,849
107,759
Net assets
219,060
107,759
Called up share capital
100
1
Profit and loss account
218,960
107,758
Shareholders' funds
219,060
107,759
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 December 2017.
Dr D Burch
Director
Company Registration No. 8984500
Gauntly & Arabin Limited
Notes to the Accounts
for the year ended 31 March 2017
Gauntly & Arabin Limited is a private company, limited by shares, registered in England and Wales, registration number 8984500. The registered office is The Cottage, Horley, Banubry, Oxfordshire, OX15 6BE, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Investments in shares are included at fair value.
4
Investments
Other investments
Valuation at 1 April 2016
-
Fair value adjustments
9,211
Valuation at 31 March 2017
64,211
Other debtors
165,489
115,493
Gauntly & Arabin Limited
Notes to the Accounts
for the year ended 31 March 2017
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
39,251
24,237
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
1
Shares issued during the period:
99 Ordinary shares of £1 each
99
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
101,549
95,681
45,774
151,456
101,549
95,681
45,774
151,456
Interest at the official rate of 3.00% (2016: 3.00%) was charged on the loan. The maximum amount outstanding during the year was £151,477. The loans are repayable on demand.
The ultimate controlling party continues to be the director of the company.
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).
