John Gay Associates Limited - Period Ending 2016-09-30

Registration number: 7764841

John Gay Associates Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

John Gay Associates Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

John Gay Associates Limited
(Registration number: 7764841)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,038			1,558
Current assets
Cash at bank and in hand					7,631			11,904
Creditors: Amounts falling due within one year					(8,594)			(12,683)
Net current liabilities					(963)			(779)
Net assets					75			779
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					74			778
Shareholders' funds					75			779

For the year ending 30 September 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 23 June 2017 and signed on its behalf by:

.........................................
Reverend J D Gay
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

John Gay Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of consultancy services provided to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value , over their expected useful ecomomic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		3,581			3,581
At 30 September 2016		3,581			3,581
Depreciation
At 1 October 2015		2,023			2,023
Charge for the year		520			520
At 30 September 2016		2,543			2,543
Net book value
At 30 September 2016		1,038			1,038
At 30 September 2015		1,558			1,558

Page 2

John Gay Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 3