REGISTERED NUMBER:
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GIANT ACCOUNTS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2016 |
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REGISTERED NUMBER:
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GIANT ACCOUNTS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2016 |
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GIANT ACCOUNTS LIMITED (REGISTERED NUMBER: 06066296) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2016 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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GIANT ACCOUNTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
923 Finchley Road |
London |
NW11 7PE |
GIANT ACCOUNTS LIMITED (REGISTERED NUMBER: 06066296) |
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STATEMENT OF FINANCIAL POSITION |
31 MAY 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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GIANT ACCOUNTS LIMITED (REGISTERED NUMBER: 06066296) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2016 |
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1. | STATUTORY INFORMATION |
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Giant Accounts Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced value of services rendered, excluding value added tax. |
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Tangible fixed assets |
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Computer equipment | - |
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3. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 June 2015 |
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Additions |
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At 31 May 2016 |
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DEPRECIATION |
At 1 June 2015 |
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Charge for year |
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At 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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Social security and other |
taxes | - | 14,232 |
Prepayments and accrued income |
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GIANT ACCOUNTS LIMITED (REGISTERED NUMBER: 06066296) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2016 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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Accruals and deferred income |
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6. | TRANSACTIONS WITH DIRECTORS |
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Included in expenditure is an amount totalling £12,281 (2015: £5,212) relating to services provided by Giant |
Professional Limited, a subsidiary of Giant Group PLC, in which the director has an interest. Included in |
creditors is an amount of £14,738 (2015 - £6,952) due to Giant Professional Limited. There is also a debtor |
balance of £27,312 (2015-£Nil) outstanding to Giant Professional Limited as at year end date. |
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Included in expenditure is an amount of £91,898 (2015 - £56,083) relating to services provided by Giant |
Precision Limited, a company in which one of the directors, Mark McAllister, has an interest. Included in |
creditors is an amount fo £170,057 (2015 - £59,779) due to Giant Precision Limited. |
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7. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Matthew Brown, a majority shareholder of the company's issued ordinary |
shares. |
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8. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
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2016 | 2015 |
£ | £ |
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(Loss)/Profit for the financial year | (41,469 | ) | 48,764 |
Dividends | - | - |
Purchase of own shares | - | - |
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Net (reduction)/addition to shareholders' funds | (41,469 | ) | 48,764 |
Opening shareholders' funds | 57,056 | 8,292 |
Closing shareholders' funds | 15,587 | 57,056 |
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