G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED Company Accounts

G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03147587

G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED

Filleted Unaudited Financial Statements

31 December 2016

G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED

Financial Statements

Year ended 31 December 2016

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED

Statement of Financial Position

31 December 2016

	2016		2015
Note	£	£	£

Current assets

Debtors	5	38,015	24,716
Cash at bank and in hand		25,002	38,977
		--------	--------
		63,017	63,693

Creditors: amounts falling due within one year	6	44,200		46,277
		--------		--------
Net current assets			18,817	17,416
			--------	--------
Total assets less current liabilities			18,817	17,416
			--------	--------
Net assets			18,817	17,416
			--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	18,717	17,316
	--------	--------
Shareholders funds	18,817	17,416
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 March 2018 , and are signed on behalf of the board by:

M.L Smulovitch
Director

Company registration number: 03147587

G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED

Notes to the Financial Statements

Year ended 31 December 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2015: 5 ).

5. Debtors

	2016	2015
	£	£
Trade debtors	38,015	24,716
	--------	--------

6. Creditors: amounts falling due within one year

	2016	2015
	£	£
Trade creditors	1,343	9,977
Social security and other taxes	1,502	543
Other creditors	41,355	35,757
	--------	--------
	44,200	46,277
	--------	--------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2016
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
M.L Smulovitch	( 11,916)	( 3,585)	( 15,501)
	--------	-------	--------

	2015
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
M.L Smulovitch	( 9,214)	( 2,702)	( 11,916)
	-------	-------	--------

8. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

No transitional adjustments were required in equity or profit or loss for the year.