Year Ended
Company Registration Number:
GEWC Limited
Contents
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GEWC Limited
Abbreviated Balance Sheet
30 September 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders' deficit |
( |
( |
1
GEWC Limited
Abbreviated Balance Sheet
30 September 2016
......... continued
Approved by the director on
Mrs G Ellis
Director
Company Registration Number: 08580571
2
GEWC Limited
Notes to the Abbreviated Accounts
Year Ended
30 September 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
At 30 September 2016 the balance sheet shows an excess of liabilities over assets amounting to £103,758 (2015: £71,048). The continuance of the company's activities is therefore dependent on the support of its director. These financial statements have been drawn up on a going concern basis, on the basis that this support will not be withdrawn.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Website |
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Office equipment |
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Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 October 2015 |
59,260 |
59,260 |
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At 30 September 2016 |
59,260 |
59,260 |
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Depreciation |
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At 1 October 2015 |
38,089 |
38,089 |
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Charge for the year |
19,547 |
19,547 |
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At 30 September 2016 |
57,636 |
57,636 |
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Net book value |
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At 30 September 2016 |
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At 30 September 2015 |
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GEWC Limited
Notes to the Abbreviated Accounts
Year Ended
30 September 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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