Company Registration No. 04801419 (England and Wales)
G WILLIAMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
G WILLIAMS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
G WILLIAMS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
142
170
Current assets
Stocks
91,908
91,908
Debtors
4,492
2,192
Cash at bank and in hand
5,231
242
101,631
94,342
Creditors: amounts falling due within one year
(2,200)
-
Net current assets
99,431
94,342
Total assets less current liabilities
99,573
94,512
Creditors: amounts falling due after more than one year
(65,200)
(65,200)
34,373
29,312
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
34,273
29,212
Shareholders' funds
34,373
29,312
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 21 March 2017
Mr Glyn Williams
Director
Company Registration No. 04801419
G WILLIAMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
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
15% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
958
Depreciation
At 1 July 2015
788
Charge for the year
28
At 30 June 2016
816
Net book value
At 30 June 2016
142
At 30 June 2015
170
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
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