Company Registration No. 4465020 (England and Wales)
Gilboys Limited
Unaudited accounts
for the year ended 30 June 2017
Gilboys Limited
Unaudited accounts
Contents
Gilboys Limited
Company Information
for the year ended 30 June 2017
Company Number
4465020 (England and Wales)
Registered Office
Staverton Works
New Lane
Staverton
Devon
TQ9 6AQ
Accountants
Avoca Accounting Limited
85 Maidenway Road
Paignton
Devon
TQ3 2QA
Gilboys Limited
Statement of financial position
as at 30 June 2017
Tangible assets
14,559
18,933
Cash at bank and in hand
5,460
4,006
Creditors: amounts falling due within one year
(42,577)
(42,926)
Net current liabilities
(6,021)
(11,670)
Total assets less current liabilities
8,538
7,263
Provisions for liabilities
Deferred tax
(2,875)
(3,787)
Called up share capital
10
10
Profit and loss account
5,653
3,466
Shareholders' funds
5,663
3,476
For the year ending 30 June 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 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 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 26 March 2018.
Mr S E Gilboy
Director
Company Registration No. 4465020
Gilboys Limited
Notes to the Accounts
for the year ended 30 June 2017
Gilboys Limited is a private company, limited by shares, registered in England and Wales, registration number 4465020. The registered office is Staverton Works, New Lane, Staverton, Devon, TQ9 6AQ.
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 30 June 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% reducing balance
Gilboys Limited
Notes to the Accounts
for the year ended 30 June 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2016
28,427
18,154
46,581
At 30 June 2017
29,602
18,154
47,756
At 1 July 2016
19,706
7,942
27,648
Charge for the year
2,996
2,553
5,549
At 30 June 2017
22,702
10,495
33,197
At 30 June 2017
6,900
7,659
14,559
At 30 June 2016
8,721
10,212
18,933
Work in progress
13,755
6,000
Finished goods
12,000
12,000
Accrued income and prepayments
918
295
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
2,872
1,790
Taxes and social security
3,631
3,811
Other creditors
6,060
9,599
Loans from directors
30,014
27,726
8
Average number of employees
During the year the average number of employees was 3 (2016: 3).
