Company Registration No. 6797324 (England and Wales)
G.D. SHARMA LIMITED
Unaudited accounts
for the year ended 31 January 2017
G.D. SHARMA LIMITED
Unaudited accounts
Contents
G.D. SHARMA LIMITED
Company Information
for the year ended 31 January 2017
Company Number
6797324 (England and Wales)
Registered Office
PEGGS FARM RATTLESDEN ROAD
DRINKSTONE
BURY ST. EDMUNDS
SUFFOLK
IP30 9TW
Accountants
R A Parry BA ACIS
2 Old Bakery Row
Gracechurch Street
DEBENHAM
Suffolk
IP14 6RE
G.D. SHARMA LIMITED
Statement of financial position
as at
31 January 2017
Intangible assets
2,000
3,000
Cash at bank and in hand
42,864
18,236
Creditors: amounts falling due within one year
(12,867)
(7,166)
Net current assets
29,997
11,070
Called up share capital
100
100
Profit and loss account
31,982
14,140
Shareholders' funds
32,082
14,240
For the year ending 31 January 2017 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 director acknowledges his 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 14 October 2017.
G D Sharma
Director
Company Registration No. 6797324
G.D. SHARMA LIMITED
Notes to the Accounts
for the year ended 31 January 2017
G.D. SHARMA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6797324. The registered office and principal place of business is PEGGS FARM RATTLESDEN ROAD, DRINKSTONE, BURY ST. EDMUNDS, SUFFOLK, IP30 9TW.
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 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
G.D. SHARMA LIMITED
Notes to the Accounts
for the year ended 31 January 2017
4
Intangible fixed assets
Goodwill
Charge for the year
1,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2016
428
4,485
4,913
At 31 January 2017
428
4,485
4,913
At 1 February 2016
258
4,485
4,743
Charge for the year
85
-
85
At 31 January 2017
343
4,485
4,828
At 31 January 2017
85
-
85
At 31 January 2016
170
-
170
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
7,482
3,548
Loans from directors
4,595
2,657
7
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).