Registered Number 09588186
GREGORY CHARLES FINANCIAL PLANNING LIMITED
Abbreviated Accounts
31 May 2016
Notes | 2016 | ||
---|---|---|---|
£ | |||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|||
Current assets | |||
Debtors |
|
||
Cash at bank and in hand |
|
||
|
|||
Creditors: amounts falling due within one year |
( |
||
Net current assets (liabilities) |
|
||
Total assets less current liabilities |
|
||
Provisions for liabilities |
( |
||
Total net assets (liabilities) |
|
||
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
|
||
Shareholders' funds |
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Office furniture - 20% reducing balance
Office equipment - 25% straight line
Other accounting policies
A net deferred asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
£ | |
---|---|
Cost | |
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 May 2016 |
|
Depreciation | |
Charge for the year |
|
On disposals |
|
At 31 May 2016 |
|
Net book values | |
At 31 May 2016 | 5,294 |
4 Transactions with directors
Name of director receiving advance or credit: |
|
|
---|---|---|
Description of the transaction: |
|
|
Balance at 13 May 2015: | - | |
Advances or credits made: | £ |
|
Advances or credits repaid: |
|
|
Balance at 31 May 2016: | £ |