Company Registration No. 06762323 (England and Wales)
GIRAFFE RESEARCH & DESIGN LIMITED
Unaudited accounts
for the year ended 31 December 2016
GIRAFFE RESEARCH & DESIGN LIMITED
Unaudited accounts
Contents
GIRAFFE RESEARCH & DESIGN LIMITED
Company Information
for the year ended 31 December 2016
Directors
Dr Ralph Gregory Brade
Mrs Beverley Joy Brade
Company Number
06762323 (England and Wales)
Registered Office
314 SANDYGATE ROAD
SHEFFIELD
SOUTH YORKSHIRE
S10 5SE
Accountants
DIMBLEBY & DALE
JUNCTION HOUSE
58 HIGH STREET
BEIGHTON
SHEFFIELD
S20 1ED
GIRAFFE RESEARCH & DESIGN LIMITED
Statement of financial position
as at
31 December 2016
Tangible assets
2,961
2,470
Cash at bank and in hand
2,784
1,136
Creditors: amounts falling due within one year
(5,042)
(1,474)
Net current (liabilities)/assets
(2,258)
154
Total assets less current liabilities
703
2,624
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
11
2,030
Shareholders' funds
111
2,130
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 25 September 2017.
Dr Ralph Gregory Brade
Director
Company Registration No. 06762323
GIRAFFE RESEARCH & DESIGN LIMITED
Notes to the Accounts
for the year ended 31 December 2016
GIRAFFE RESEARCH & DESIGN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06762323. The registered office and principal place of business is 314 SANDYGATE ROAD, SHEFFIELD, SOUTH YORKSHIRE, S10 5SE.
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 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 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% reducing balance.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
GIRAFFE RESEARCH & DESIGN LIMITED
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 31 December 2016
9,088
At 31 December 2016
6,127
At 31 December 2016
2,961
At 31 December 2015
2,470
6
Creditors: amounts falling due within one year
2016
2015
Loans from directors
4,550
994
7
Average number of employees
During the year the average number of employees was 2 (2015: 2).