Abbreviated Company Accounts - GIMP MANAGEMENT & ADMINISTRATION SERVICES LIMITED

GIMP MANAGEMENT & ADMINISTRATION SERVICES LIMITED - Company Information

02828314 GIMP MANAGEMENT & ADMINISTRATION SERVICES LIMITED 2016-11-30 false 2015-12-01 2016-11-30 true 02828314 2015-12-01 2016-11-30 02828314 2016-11-30 02828314 2015-11-30 02828314 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 02828314 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

Registered Number 02828314

GIMP MANAGEMENT & ADMINISTRATION SERVICES LIMITED

Abbreviated Accounts

30 November 2016

GIMP MANAGEMENT & ADMINISTRATION SERVICES LIMITED Registered Number 02828314

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,412	1,672
		1,412	1,672
Current assets
Debtors		6,000	46,985
Cash at bank and in hand		15,935	11,434
		21,935	58,419
Creditors: amounts falling due within one year		(6,102)	(7,322)
Net current assets (liabilities)		15,833	51,097
Total assets less current liabilities		17,245	52,769
Total net assets (liabilities)		17,245	52,769
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		17,243	52,767
Shareholders' funds		17,245	52,769

For the year ending 30 November 2016 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 February 2018

And signed on their behalf by:
MARILYN SMULOVITCH, Director

GIMP MANAGEMENT & ADMINISTRATION SERVICES LIMITED Registered Number 02828314

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15% on reducing balance basis.
Equipment - 25% on reducing balance basis.

Other accounting policies
Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2Tangible fixed assets

	£
Cost
At 1 December 2015	19,975
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	19,975
Depreciation
At 1 December 2015	18,303
Charge for the year	260
On disposals	-
At 30 November 2016	18,563
Net book values
At 30 November 2016	1,412
At 30 November 2015	1,672

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2