The Gundog Club Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05836640 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

THE GUNDOG CLUB LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Mattinson

S Austwick

SECRETARY:

P J Mattinson

REGISTERED OFFICE:

The Granary

Hones Yard

1 Waverley Lane

Farnham

Surrey

GU9 8BB

REGISTERED NUMBER:

05836640 (England and Wales)

ACCOUNTANTS:

Maxwell & Co

The Granary

Hones Yard

1 Waverley Lane

Farnham

Surrey

GU9 8BB

FIXED ASSETS

Tangible assets

4

37

56

CURRENT ASSETS

Stocks

1,855

673

Debtors

592

1,157

Cash at bank

3,463

2,350

5,910

4,180

CREDITORS

Amounts falling due within one year

2,113

4,971

NET CURRENT ASSETS/(LIABILITIES)

3,797

(791

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,834

(735

)

CREDITORS

Amounts falling due after more than one year

4,340

4,340

NET LIABILITIES

(506

)

(5,075

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(508

)

(5,077

)

SHAREHOLDERS' FUNDS

(506

)

(5,075

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 March 2018 and were signed on its behalf by:

P J Mattinson - Director

1.	STATUTORY INFORMATION

The Gundog Club Limited is a private company, limited by shares , registered in England and Wales. 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as the directors continue to provide the

company with financial support.

Turnover

Turnover represents net invoiced sales of publications and services related to Gundog Training.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

and 30 June 2017

2,135

DEPRECIATION

At 1 July 2016

2,079

Charge for year

19

At 30 June 2017

2,098

NET BOOK VALUE

At 30 June 2017

37

At 30 June 2016

56

5.	RELATED PARTY DISCLOSURES

At 30 June 2017 the balance due to the directors amounted to £4,340. The balance is interest free and no terms

have been set for the repayment of this balance.

6.	FIRST TIME ADOPTION OF FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

and have not impacted on equity or profit or loss.