Abbreviated Company Accounts - GIFT WRAPPED AND GORGEOUS LIMITED

Abbreviated Company Accounts - GIFT WRAPPED AND GORGEOUS LIMITED


Registered Number 06300215

GIFT WRAPPED AND GORGEOUS LIMITED

Abbreviated Accounts

30 September 2015

GIFT WRAPPED AND GORGEOUS LIMITED Registered Number 06300215

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 3,967 274
Investments - -
3,967 274
Current assets
Stocks - -
Debtors 2,453 2,858
Investments - -
2,453 2,858
Creditors: amounts falling due within one year (42,429) (34,162)
Net current assets (liabilities) (39,976) (31,304)
Total assets less current liabilities (36,009) (31,030)
Total net assets (liabilities) (36,009) (31,030)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (36,109) (31,130)
Shareholders' funds (36,009) (31,030)
  • For the year ending 30 September 2015 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 1 June 2016

And signed on their behalf by:
Amanda Mary Charteris, Director

GIFT WRAPPED AND GORGEOUS LIMITED Registered Number 06300215

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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 and equipment - 25% reducing balance
Computer equipment - 33% straight line

Other accounting policies
Going concern - These accounts have been prepared on a going concern basis, with the continuing support of the directors.

2Tangible fixed assets
£
Cost
At 1 October 2014 10,123
Additions 4,899
Disposals -
Revaluations -
Transfers -
At 30 September 2015 15,022
Depreciation
At 1 October 2014 9,849
Charge for the year 1,206
On disposals -
At 30 September 2015 11,055
Net book values
At 30 September 2015 3,967
At 30 September 2014 274
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100Ordinary shares of £1 each 100 100

The company has authorised share capital of 1,000 ordinary shares at £1 each (2014 - 1,000 ordinary shares at £1 each).