Abbreviated Company Accounts - GENERATION V LIMITED

GENERATION V LIMITED - Company Information

04051832 GENERATION V LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 04051832 2015-05-01 2016-04-30 04051832 2016-04-30 04051832 2015-04-30 04051832 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 04051832 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 04051832

GENERATION V LIMITED

Abbreviated Accounts

30 April 2016

GENERATION V LIMITED Registered Number 04051832

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,338	2,195
		3,338	2,195
Current assets
Stocks		550,000	500,000
Debtors		297	-
Cash at bank and in hand		60,928	35,979
		611,225	535,979
Creditors: amounts falling due within one year		(290,359)	(292,002)
Net current assets (liabilities)		320,866	243,977
Total assets less current liabilities		324,204	246,172
Provisions for liabilities		(12)	(12)
Total net assets (liabilities)		324,192	246,160
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		324,191	246,159
Shareholders' funds		324,192	246,160

For the year ending 30 April 2016 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 December 2016

And signed on their behalf by:
C Cohen, Director

GENERATION V LIMITED Registered Number 04051832

Notes to the Abbreviated Accounts for the period ended 30 April 2016

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:
Plant and machinery 331/3% reducing balance
Fixtures, fittings & equipment 25% reducing balance
Motor vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 May 2015	15,011
Additions	2,278
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	17,289
Depreciation
At 1 May 2015	12,816
Charge for the year	1,135
On disposals	-
At 30 April 2016	13,951
Net book values
At 30 April 2016	3,338
At 30 April 2015	2,195

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

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1