Company Registration No. 06681366 (England and Wales)
COLIN GAMBLE ASSOCIATES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
COLIN GAMBLE ASSOCIATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
COLIN GAMBLE ASSOCIATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
10,763
16,146
Tangible assets
2
656
547
11,419
16,693
Current assets
Debtors
7,899
9,650
Cash at bank and in hand
8,560
5,268
16,459
14,918
Creditors: amounts falling due within one year
(26,923)
(29,668)
Net current liabilities
(10,464)
(14,750)
Total assets less current liabilities
955
1,943
Provisions for liabilities
(131)
(109)
824
1,834
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
822
1,832
Shareholders' funds
824
1,834
For the financial year ended 31 August 2016 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 20 December 2016
C Gamble
Director
Company Registration No. 06681366
COLIN GAMBLE ASSOCIATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 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
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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.
the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years .
of 10 years
.
1.5
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:
Fixtures, fittings & equipment
15% reducing balance
1.6
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.
1.7
The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the ongoing support of the company's director. The director has indicated his willingness to continue to support the company.
COLIN GAMBLE ASSOCIATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2015
53,827
1,530
55,357
Additions
-
572
572
Disposals
-
(1,081)
(1,081)
At 31 August 2016
53,827
1,021
54,848
Depreciation
At 1 September 2015
37,681
983
38,664
On disposals
-
(734)
(734)
Charge for the year
5,383
116
5,499
At 31 August 2016
43,064
365
43,429
Net book value
At 31 August 2016
10,763
656
11,419
At 31 August 2015
16,146
547
16,693
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 ordinary shares of £1 each
2
2