Company Registration No. 8809938 (England and Wales)
GNS LEGAL CONSULTANCY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
GNS LEGAL CONSULTANCY LIMITED
CONTENTS
PAGE
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
GNS LEGAL CONSULTANCY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
FIXED ASSETS
Tangible assets
2
1,540
750
CURRENT ASSETS
Debtors
1,379
15,689
Cash at bank and in hand
469,894
131,612
471,273
147,301
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
(100,046)
(40,922)
NET CURRENT ASSETS
371,227
106,379
TOTAL ASSETS LESS CURRENT LIABILITIES
372,767
107,129
CAPITAL AND RESERVES
Called up share capital
3
2
2
Profit and loss account
372,765
107,127
SHAREHOLDERS' FUNDS
372,767
107,129
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.
Directors' 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 directors acknowledge their 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
Mr G N Sohail
DIRECTOR
COMPANY REGISTRATION NO. 8809938
GNS LEGAL CONSULTANCY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
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 services 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:
Computer equipment
- 25% on cost
2
FIXED ASSETS
Tangible assets
£
COST
At 1 January 2015
1,000
Additions
1,388
At 31 December 2015
2,388
DEPRECIATION
At 1 January 2015
250
Charge for the year
598
At 31 December 2015
848
NET BOOK VALUE
At 31 December 2015
1,540
At 31 December 2014
750
GNS LEGAL CONSULTANCY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
SHARE CAPITAL
2015
2014
£
£
ALLOTTED, CALLED UP AND FULLY PAID
2 Ordinary of £1 each
2
2