Company Registration No. 9641141 (England and Wales)
James Gledhill Agencies Ltd
Abbreviated unaudited accounts
for the year ended 31 March 2016
James Gledhill Agencies Ltd
Abbreviated Balance Sheet
as at
31 March 2016
Cash at bank and in hand
447
Creditors: amounts falling due within one year
(19,536)
Net current liabilities
(19,089)
Called up share capital
100
Profit and loss account
890
Total shareholders' funds
990
For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 24 June 2016
James Stephen Gledhill
Director
Company Registration No. 9641141
James Gledhill Agencies Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives of five years. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
2
Intangible fixed assets
Goodwill
Charge for the year
2,000
James Gledhill Agencies Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Additions
699
14,400
15,099
At 31 March 2016
699
14,400
15,099
Charge for the year
140
2,880
3,020
At 31 March 2016
140
2,880
3,020
At 31 March 2016
559
11,520
12,079
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100