Abbreviated Company Accounts - GFS ASSOCIATES LTD

GFS ASSOCIATES LTD - Company Information

09116469 GFS ASSOCIATES LTD 2016-07-31 false 2015-08-01 2016-07-31 true 09116469 2015-08-01 2016-07-31 09116469 2016-07-31 09116469 2015-07-31 09116469 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 09116469 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 09116469

GFS ASSOCIATES LTD

Abbreviated Accounts

31 July 2016

GFS ASSOCIATES LTD Registered Number 09116469

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	562	750
		562	750
Current assets
Debtors		88,527	20,000
Cash at bank and in hand		397,569	240,368
		486,096	260,368
Creditors: amounts falling due within one year		(144,193)	(96,159)
Net current assets (liabilities)		341,903	164,209
Total assets less current liabilities		342,465	164,959
Total net assets (liabilities)		342,465	164,959
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		342,365	164,859
Shareholders' funds		342,465	164,959

For the year ending 31 July 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 14 June 2017

And signed on their behalf by:
G F Smyth, Director

GFS ASSOCIATES LTD Registered Number 09116469

Notes to the Abbreviated Accounts for the period ended 31 July 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 the total invoice value, excluding VAT, of sales made during the year and derives from the provision of goods falling due within the company's ordinary activities.

Tangible assets depreciation policy
Equipment - 25% reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 August 2015	1,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	1,000
Depreciation
At 1 August 2015	250
Charge for the year	188
On disposals	-
At 31 July 2016	438
Net book values
At 31 July 2016	562
At 31 July 2015	750

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100