GN Engineering and Consultancy Ltd
|
Registered number: |
09235098
|
Abbreviated Balance Sheet |
as at 31 December 2015
|
|
|
|
Notes |
|
|
2015 |
|
£ |
|
|
|
Fixed assets |
Tangible assets |
2 |
|
|
35,295 |
|
Current assets |
Debtors |
|
|
11,846 |
Bank |
|
|
38,666 |
|
|
|
50,512 |
|
|
Creditors: amounts falling due within one year |
|
|
(36,321) |
|
Net current assets |
|
|
|
14,191 |
|
|
Net assets |
|
|
|
49,486 |
|
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
Profit and loss account |
|
|
|
49,386 |
|
Shareholders' funds |
|
|
|
49,486 |
|
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
The accounts were approved by the directors on 7 April 2016
|
|
|
|
|
|
Gökberk Şener |
Director |
|
GN Engineering and Consultancy Ltd
|
Notes to the Abbreviated Accounts |
for the period ended 31 December 2015
|
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the invoiced value of services provided by the company during the year, net of Value Added Tax and any discounts.
|
|
|
Depreciation |
|
Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as follows: |
|
Fixtures and fittings |
33% per annum straight line basis |
|
Furniture and equipment |
20-50% per annum straight line basis |
|
Motor vehicles |
40% per annum reducing balance basis |
|
|
Deferred taxation |
|
The accounts include provision for any deferred tax liability arising from material timing differences between the accounting and tax treatment of items. Any deferred tax asset arising from the same is recognised to the extent that the directors consider it more likely than not that it is recoverable. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
Additions |
50,031 |
|
At 31 December 2015 |
50,031 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
14,736 |
|
At 31 December 2015 |
14,736 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
35,295 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
value |
Number |
£ |
|
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
|
|
|
|
|
|
|