Goldenscreen (Kent) Ltd - Period Ending 2014-03-31

Registration number: 5346877

Goldenscreen (Kent) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

CP Accounting Services Limited
27 Garrick Road
Northampton
NN1 5ND

Goldenscreen (Kent) Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Accountants Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Goldenscreen (Kent) Ltd
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Goldenscreen (Kent) Ltd for the year ended 31 March 2014 set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Goldenscreen (Kent) Ltd, as a body, in accordance with the terms of our engagement letterdated 31 January 2005. Our work has been undertaken solely to prepare for your approval the accounts of Goldenscreen (Kent) Ltd and state those matters that we have agreed to state to them, as a body, to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goldenscreen (Kent) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Goldenscreen (Kent) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Goldenscreen (Kent) Ltd. You consider that Goldenscreen (Kent) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Goldenscreen (Kent) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

CP Accounting Services Limited
27 Garrick Road
Northampton
NN1 5ND

19 December 2014

Page 1

Goldenscreen (Kent) Ltd
(Registration number: 5346877)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					55,000			55,000
Current assets
Stocks					44,597			33,718
Debtors					15,564			16,991
Cash at bank and in hand					38			5
					60,199			50,714
Creditors: Amounts falling due within one year					(25,682)			(25,679)
Net current assets					34,517			25,035
Total assets less current liabilities					89,517			80,035
Creditors: Amounts falling due after more than one year					(63,800)			(67,578)
Net assets					25,717			12,457
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					25,715			12,455
Shareholders' funds					25,717			12,457

For the year ending 31 March 2014 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 19 December 2014

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

Goldenscreen (Kent) Ltd
(Registration number: 5346877)
Abbreviated Balance Sheet at 31 March 2014
......... continued

.........................................
Ann Hayes
Company secretary

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

Goldenscreen (Kent) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Analysed on an annual basis

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	25% reducing balance basis
Shop Fittings	25% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 4

Goldenscreen (Kent) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2013		55,000			6,579			61,579
At 31 March 2014		55,000			6,579			61,579
Depreciation
At 1 April 2013		-			6,579			6,579
At 31 March 2014		-			6,579			6,579
Net book value
At 31 March 2014		55,000			-			55,000
At 31 March 2013		55,000			-			55,000

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		11,825			11,825

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years not by instalments		61,323			65,401

Page 5

Goldenscreen (Kent) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 6