Company Registration No. 07106740 (England and Wales)
A D GOTT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
A D GOTT LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
A D GOTT LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF A D GOTT LIMITED FOR THE YEAR ENDED 31 DECEMBER 2015
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A D Gott Limited for the year ended 31 December 2015 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of A D Gott Limited, as a body, in accordance with the terms of our engagement letter dated 11 November 2014. Our work has been undertaken solely to prepare for your approval the financial statements of A D Gott Limited and state those matters that we have agreed to state to the Board of Directors of A D Gott Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A D Gott Limited and it's Board of Directors as a body, for our work or for this report.
It is your duty to ensure that A D Gott Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A D Gott Limited. You consider that A D Gott Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of A D Gott Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Moore and Smalley LLP
Chartered Accountants
Priory Close
St Marys Gate
Lancaster
LA1 1XB
28 September 2016
A D GOTT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
144,693
106,757
Current assets
Debtors
104,390
106,958
Cash at bank and in hand
-
4,647
104,390
111,605
Creditors: amounts falling due within one year
(179,672)
(162,819)
Net current liabilities
(75,282)
(51,214)
Total assets less current liabilities
69,411
55,543
Creditors: amounts falling due after more than one year
(8,684)
(13,758)
Provisions for liabilities
(24,647)
(21,351)
36,080
20,434
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
36,079
20,433
Shareholders' funds
36,080
20,434
A D GOTT LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
31 December 2015
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For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 September 2016
Ms S E Pearson
Director
Company Registration No. 07106740
A D GOTT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
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1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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 consultancy services provided net of VAT .
consultancy
services
provided
net of VAT
.
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:
Plant and machinery
4% straight line
Computer equipment
33% straight line
Fixtures, fittings & equipment
10% straight line
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
120,946
Additions
45,737
Disposals
(1,698)
At 31 December 2015
164,985
Depreciation
At 1 January 2015
14,189
On disposals
(1,698)
Charge for the year
7,801
At 31 December 2015
20,292
Net book value
At 31 December 2015
144,693
At 31 December 2014
106,757
A D GOTT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
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3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1