Gower Accountancy (Midlands) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05968166 (England and Wales)

Abbreviated Accounts For The Year Ended 30 June 2016

for

Gower Accountancy (Midlands) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J Baig FCCA

Mr M A Ulrich FCCA

SECRETARY:

REGISTERED OFFICE:

250 Humberstone Road

Leicester

LE5 0EG

REGISTERED NUMBER:

05968166 (England and Wales)

ACCOUNTANTS:

Gower Accountancy

Chartered Certified Accountants

250 Humberstone Road

Leicester

Leicestershire

LE5 0EG

FIXED ASSETS

Tangible assets

2

3,076

1,625

CURRENT ASSETS

Debtors

17,164

22,891

Prepayments and accrued income

4,506

2,105

Cash at bank

183,282

90,937

204,952

115,933

CREDITORS

Amounts falling due within one year

(201,776

)

(52,814

)

NET CURRENT ASSETS

3,176

63,119

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,252

64,744

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

6,152

64,644

SHAREHOLDERS' FUNDS

6,252

64,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17 December 2016 and were signed on its behalf by:

Mr J Baig FCCA - Director

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.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33.3% 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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

8,640

Additions

2,384

At 30 June 2016

11,024

DEPRECIATION

At 1 July 2015

7,015

Charge for year

933

At 30 June 2016

7,948

NET BOOK VALUE

At 30 June 2016

3,076

At 30 June 2015

1,625

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100