Goblin Computing Limited - Abbreviated accounts

Goblin Computing Limited - Abbreviated accounts


Registered number
05301592
Goblin Computing Limited
Abbreviated Accounts
30 June 2016
Goblin Computing Limited
Report to the director on the preparation of the unaudited abbreviated accounts of Goblin Computing Limited for the year ended 30 June 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Goblin Computing Limited for the year ended 30 June 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Joy & Co
Chartered Certified Accountants
2 Middlefield Gardens
Gants Hill
Essex
IG2 6DU
29 June 2017
Goblin Computing Limited
Registered number: 05301592
Abbreviated Balance Sheet
as at 30 June 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 22,291 23,655
Current assets
Debtors 24,173 27,464
Cash at bank and in hand 5,233 6,717
29,406 34,181
Creditors: amounts falling due within one year (47,024) (37,763)
Net current liabilities (17,618) (3,582)
Total assets less current liabilities 4,673 20,073
Creditors: amounts falling due after more than one year - (12,973)
Provisions for liabilities (4,458) (4,607)
Net assets 215 2,493
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 115 2,393
Shareholder's funds 215 2,493
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Colin Smith
Director
Approved by the board on 29 June 2017
Goblin Computing Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 33% straight line
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 July 2015 103,288
Additions 24,044
At 30 June 2016 127,332
Depreciation
At 1 July 2015 79,633
Charge for the year 25,408
At 30 June 2016 105,041
Net book value
At 30 June 2016 22,291
At 30 June 2015 23,655
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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