GPA Associates Limited - Abbreviated accounts 16.1

GPA Associates Limited - Abbreviated accounts 16.1

GPA ASSOCIATES LIMITED - Company Information

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REGISTERED NUMBER: 05437671 (England and Wales)




ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

GPA ASSOCIATES LIMITED

GPA ASSOCIATES LIMITED (REGISTERED NUMBER: 05437671)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GPA ASSOCIATES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2016







DIRECTOR: G Phipson





SECRETARY: Miss A L Jones





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 05437671 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB
Page 1
GPA ASSOCIATES LIMITED (REGISTERED NUMBER: 05437671)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 8,981 12,647

CURRENT ASSETS
Debtors 9,723 7,964
Cash at bank 16,069 16,821
25,792 24,785
CREDITORS
Amounts falling due within one year 3 17,814 17,808
NET CURRENT ASSETS 7,978 6,977
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,959
19,624

PROVISIONS FOR LIABILITIES 1,796 2,529
NET ASSETS 15,163 17,095

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account 15,153 17,085
SHAREHOLDERS' FUNDS 15,163 17,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 25 May 2016 and were signed by:





G Phipson - Director


The notes form part of these abbreviated accounts

Page 2
GPA ASSOCIATES LIMITED (REGISTERED NUMBER: 05437671)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2016

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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 17,424
DEPRECIATION
At 1 April 2015 4,777
Charge for year 3,666
At 31 March 2016 8,443
NET BOOK VALUE
At 31 March 2016 8,981
At 31 March 2015 12,647

3. CREDITORS

Creditors include an amount of £ 0 (2015 - £ 2,820 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10 Ordinary £1 10 10

Page 3 continued...
GPA ASSOCIATES LIMITED (REGISTERED NUMBER: 05437671)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 March 2016

5. CONTROL RELATIONSHIP

The company is under the control of Mr G Phipson, the director of the company.

Page 4