Company Registration No. 04148293 (England and Wales)
GRACECHURCH CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
GRACECHURCH CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
GRACECHURCH CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
16,487
10,153
Current assets
Stocks
62,197
66,295
Debtors
26,612
174,721
Cash at bank and in hand
54,001
26
142,810
241,042
Creditors: amounts falling due within one year
(150,614)
(207,407)
Net current liabilities/(assets)
(7,804)
33,635
Total assets less current liabilities
8,683
43,788
Capital and reserves
Called up share capital
3
8,401
8,401
Profit and loss account
282
35,387
Shareholders' funds
8,683
43,788
For the financial year ended 31 March 2016 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 his 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 29 September 2016
B Bolton
Director
Company Registration No. 04148293
GRACECHURCH CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 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
Turnover
Turnover represents amount receivable for services net of VAT.
1.3
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
33.33% on cost
Fixtures, fittings & equipment
25% on cost
1.4
Going concern
The financial statements have been prepared on a going concern basis on the assumption that the shareholders of the company shall continue to give financial support as and when required.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
53,568
Additions
14,900
Disposals
(2,650)
At 31 March 2016
65,818
Depreciation
At 1 April 2015
43,415
On disposals
(1,860)
Charge for the year
7,776
At 31 March 2016
49,331
Net book value
At 31 March 2016
16,487
At 31 March 2015
10,153
GRACECHURCH CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
8,400 Ordinary shares of £1 each
8,400
8,400
1 Ordinary B shares of £1 each
1
1
8,401
8,401
4
Ultimate parent company
The company is jointly controlled by Mr Ben and Mr
s Joe Bolton.