Company Registration No. 06938375 (England and Wales)
AUDREY GILLAN LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
AUDREY GILLAN LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AUDREY GILLAN LTD
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,101
1,832
Current assets
Debtors
(1)
1
Cash at bank and in hand
2,673
6,118
Creditors: amounts falling due within one year
(14,594)
(15,742)
Net current liabilities
(11,922)
(9,623)
Total assets less current liabilities
(9,821)
(7,791)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(9,822)
(7,792)
Shareholders' funds
(9,821)
(7,791)
For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board and authorised for issue on 31 March 2016
Ms A Gillan
Director
Company Registration No. 06938375
AUDREY GILLAN LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
During the last financial year the company was funded by the director/shareholder. They have agreed to continue this funding for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
1.5
Revenue recognition
Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014
4,520
Additions
969
At 30 June 2015
5,489
Depreciation
At 1 July 2014
2,688
Charge for the year
700
At 30 June 2015
3,388
Net book value
At 30 June 2015
2,101
At 30 June 2014
1,832
AUDREY GILLAN LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1