GAM Controls Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC437279 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

GAM Controls Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G A Muir

REGISTERED OFFICE:

15 Ardivot Place

Lossiemouth

Highland

IV31 6TE

REGISTERED NUMBER:

SC437279 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

2

24,742

1,749

CURRENT ASSETS

Debtors

9,221

11,750

Cash at bank

20,472

28,279

29,693

40,029

CREDITORS

Amounts falling due within one year

19,414

26,908

NET CURRENT ASSETS

10,279

13,121

TOTAL ASSETS LESS CURRENT LIABILITIES

35,021

14,870

CREDITORS

Amounts falling due after more than one year

3,916

-

NET ASSETS

31,105

14,870

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

31,101

14,866

SHAREHOLDERS' FUNDS

31,105

14,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 March 2016 and were signed by:

G A Muir - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

2,676

Additions

23,840

At 31 December 2015

26,516

DEPRECIATION

At 1 January 2015

927

Charge for year

847

At 31 December 2015

1,774

NET BOOK VALUE

At 31 December 2015

24,742

At 31 December 2014

1,749

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

2

Ordinary

£1.00

2

2

1

Ordinary A Share

£1

1

1

1

Ordinary B Share

£1

1

1

4

4