Company Registration No. 04801419 (England and Wales)
G WILLIAMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
G WILLIAMS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
G WILLIAMS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
170
200
Current assets
Stocks
91,908
91,908
Debtors
1,582
1,582
Cash at bank and in hand
750
600
Net current assets
94,240
94,090
Total assets less current liabilities
94,410
94,290
Creditors: amounts falling due after more than one year
(65,200)
(65,200)
29,210
29,090
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
29,110
28,990
Shareholders' funds
29,210
29,090
For the financial year ended 30 June 2015 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 and authorised for issue on 31 March 2016
Mr Glynn Williams
Director
Company Registration No. 04801419
G WILLIAMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 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 April 2008).
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 amounts receivable for goods and services net of VAT and trade discounts.
1.4
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:
Plant and machinery
15% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014 & at 30 June 2015
958
Depreciation
At 1 July 2014
758
Charge for the year
30
At 30 June 2015
788
Net book value
At 30 June 2015
170
At 30 June 2014
200
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
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