Griffitti Ltd - Abbreviated accounts 16.3

Griffitti Ltd - Abbreviated accounts 16.3


0974141720.8.1530.6.1630.6.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseOrdinary A1.00000Ordinary B1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure097414172015-08-19097414172016-06-30097414172015-08-202016-06-30097414172015-08-1909741417ns12:England2015-08-202016-06-3009741417ns14:PoundSterling2015-08-202016-06-3009741417ns7:Director12015-08-202016-06-3009741417ns7:Director22015-08-202016-06-3009741417ns7:OrdinaryShareClass12015-08-202016-06-3009741417ns7:OrdinaryShareClass22015-08-202016-06-3009741417ns7:RegisteredOffice2015-08-202016-06-3009741417ns7:EntityAccountantsOrAuditors2015-08-202016-06-3009741417ns5:PlantMachinery2015-08-202016-06-3009741417ns5:ComputerEquipment2015-08-202016-06-3009741417ns7:OrdinaryShareClass12016-06-3009741417ns7:OrdinaryShareClass22016-06-30
REGISTERED NUMBER: 09741417(England and Wales)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 20 AUGUST 2015 TO 30 JUNE 2016

FOR

GRIFFITTI LTD

GRIFFITTI LTD (REGISTERED NUMBER: 09741417)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 20 AUGUST 2015 TO 30 JUNE 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

GRIFFITTI LTD

COMPANY INFORMATION
FOR THE PERIOD 20 AUGUST 2015 TO 30 JUNE 2016







DIRECTORS: Mrs S Turner
B Turner





REGISTERED OFFICE: 2 Station Road
Pool
Redruth
Cornwall
TR15 3DX





REGISTERED NUMBER: 09741417(England and Wales)





ACCOUNTANTS: Bush & Co Limited
2 Barnfield Crescent
Exeter
Devon
EX1 1QT

GRIFFITTI LTD (REGISTERED NUMBER: 09741417)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

Notes £    £   
FIXED ASSETS
Tangible assets 2 19,528

CURRENT ASSETS
Stocks 32,726
Cash at bank and in hand 8,114
40,840
CREDITORS
Amounts falling due within one year 51,676
NET CURRENT LIABILITIES (10,836 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,692

CREDITORS
Amounts falling due after more than
one year

(3,196

)

PROVISIONS FOR LIABILITIES (3,905 )
NET ASSETS 1,591

CAPITAL AND RESERVES
Called up share capital 3 20
Profit and loss account 1,571
SHAREHOLDERS' FUNDS 1,591

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

GRIFFITTI LTD (REGISTERED NUMBER: 09741417)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2016


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 25 March 2017and were signed
on its behalf by:




B Turner- Director



Mrs S Turner- Director


GRIFFITTI LTD (REGISTERED NUMBER: 09741417)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 20 AUGUST 2015 TO 30 JUNE 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.

Plant & machinery - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 24,891
At 30 June 2016 24,891
DEPRECIATION
Charge for period 5,363
At 30 June 2016 5,363
NET BOOK VALUE
At 30 June 2016 19,528

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10 Ordinary A £1 10
10 Ordinary B £1 10
20