Gengold Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07849069 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

GENGOLD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Barker

J Barker

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

07849069 (England and Wales)

ACCOUNTANTS:

Altman Blane & Company Limited

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

3

-

327

CURRENT ASSETS

Debtors

4

168

81

CREDITORS

Amounts falling due within one year

5

1,074

966

NET CURRENT LIABILITIES

(906

)

(885

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(906

)

(558

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(1,006

)

(658

)

SHAREHOLDERS' FUNDS

(906

)

(558

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 20 April 2018 and were signed on its behalf by:

J Barker - Director

1.	STATUTORY INFORMATION

Gengold 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

and 30 November 2017

4,850

DEPRECIATION

At 1 December 2016

4,523

Charge for year

327

At 30 November 2017

4,850

NET BOOK VALUE

At 30 November 2017

-

At 30 November 2016

327

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Other debtors

168

81

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Other creditors

1,074

966

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.17

30.11.16

value:

£

£

100

Ordinary

1

100

100

7.	GOING CONCERN

At the balance sheet date, the company's liabilities exceeded its assets. The company has received

assurance from the directors that they will continue to give financial support to the company for twelve

months from the date of signing these financial statements. On this basis, the directors consider it

appropriate to prepare the accounts on a going concern basis. However, should the financial support

mentioned above not be forthcoming, the going concern basis used in preparing the company's

accounts may be invalid and adjustments would have to be made to reduce the value of assets to the

their realisable amount and to provide for any further liabilities which might arise. The accounts do not

include any adjustment to the company's assets or liabilities that might be necessary should this basis

not continue to be appropriate.