Gordon Computer Consultants Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: SC149698 (Scotland)

Financial Statements for the Year Ended 31 July 2016

for

Gordon Computer Consultants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J D Nicholson

SECRETARY:

E M Nicholson

REGISTERED OFFICE:

7 Ythan Terrace

Ellon

ABERDEENSHIRE

AB41 9LJ

REGISTERED NUMBER:

SC149698 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

ABERDEENSHIRE

AB41 9LJ

FIXED ASSETS

Tangible assets

2

584

877

CURRENT ASSETS

Debtors

3

63

11,432

Cash at bank

33,721

39,374

33,784

50,806

CREDITORS

Amounts falling due within one year

4

34,256

48,872

NET CURRENT (LIABILITIES)/ASSETS

(472

)

1,934

TOTAL ASSETS LESS CURRENT LIABILITIES

112

2,811

PROVISIONS FOR LIABILITIES

6

-

150

NET ASSETS

112

2,661

CAPITAL AND RESERVES

Called up share capital

7

100

100

Profit and loss account

8

12

2,561

SHAREHOLDERS' FUNDS

112

2,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 March 2017 and were signed by:

J D Nicholson - 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.

Computer equipment

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2015

and 31 July 2016

7,109

DEPRECIATION

At 1 August 2015

6,232

Charge for year

293

At 31 July 2016

6,525

NET BOOK VALUE

At 31 July 2016

584

At 31 July 2015

877

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.16

31.7.15

£

£

Trade debtors

-

11,432

Other debtors

63

-

63

11,432

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.16

31.7.15

£

£

Bank loans and overdrafts

649

94

Trade creditors

-

749

Taxation and social security

1,642

7,488

Other creditors

31,965

40,541

34,256

48,872

5.

LOANS

An analysis of the maturity of loans is given below:

31.7.16

31.7.15

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

649

94

6.	PROVISIONS FOR LIABILITIES

31.7.16

31.7.15

£

£

Deferred tax

-

150

Deferred

tax

£

Balance at 1 August 2015

150

Deferred Tax Movement

(150

)

Balance at 31 July 2016

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

100

Ordinary

£1.00

100

100

8.

RESERVES

Profit

and loss

account

£

At 1 August 2015

2,561

Profit for the year

6,451

Dividends

(9,000

)

At 31 July 2016

12

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £9,000 (2015 - £15,000) were paid to the director .

During the year the director Mr John Nicholson advanced the company net amounts totalling £30,466 This

amount remained outstanding at 31/07/2016 and is included within Other creditors in the notes to the accounts.

10.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr John Nicholson by virtue of his majority 91%

holding in the ordinary share capital of the company.