Abbreviated Company Accounts - GARMIN MANAGEMENT CONSULTING LIMITED

GARMIN MANAGEMENT CONSULTING LIMITED - Company Information

05024880 GARMIN MANAGEMENT CONSULTING LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 05024880 2015-01-01 2015-12-31 05024880 2015-12-31 05024880 2014-12-31 05024880 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 05024880 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 05024880

GARMIN MANAGEMENT CONSULTING LIMITED

Abbreviated Accounts

31 December 2015

GARMIN MANAGEMENT CONSULTING LIMITED Registered Number 05024880

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,300,000	1,957,863
		3,300,000	1,957,863
Current assets
Debtors		2,178	20,122
Cash at bank and in hand		20,813	18,293
		22,991	38,415
Creditors: amounts falling due within one year		(2,491,681)	(2,484,370)
Net current assets (liabilities)		(2,468,690)	(2,445,955)
Total assets less current liabilities		831,310	(488,092)
Total net assets (liabilities)		831,310	(488,092)
Capital and reserves
Called up share capital	3	1,000	1,000
Revaluation reserve		1,342,137	-
Profit and loss account		(511,827)	(489,092)
Shareholders' funds		831,310	(488,092)

For the year ending 31 December 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 19 September 2016

And signed on their behalf by:
A Benjert, Director

GARMIN MANAGEMENT CONSULTING LIMITED Registered Number 05024880

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings 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 or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life.

2Tangible fixed assets

	£
Cost
At 1 January 2015	1,957,863
Additions	-
Disposals	-
Revaluations	1,342,137
Transfers	-
At 31 December 2015	3,300,000
Depreciation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	3,300,000
At 31 December 2014	1,957,863

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000