Company Registration No. 08685087 (England and Wales)
GENERATION SAFE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
GENERATION SAFE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
GENERATION SAFE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,870
7,132
Current assets
Debtors
352,678
108,545
Cash at bank and in hand
508,769
19,101
861,447
127,646
Creditors: amounts falling due within one year
(565,459)
(96,164)
Net current assets
295,988
31,482
Total assets less current liabilities
302,858
38,614
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
302,856
38,612
Shareholders' funds
302,858
38,614
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 July 2017
Mr Ian Oliphant-Thompson
Director
Company Registration No. 08685087
GENERATION SAFE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for services rendered, net of VAT . rendered, net of VAT.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
2-3 years straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
9,092
Additions
4,973
At 30 September 2016
14,065
Depreciation
At 1 October 2015
1,960
Charge for the year
5,235
At 30 September 2016
7,195
Net book value
At 30 September 2016
6,870
At 30 September 2015
7,132
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of 1 each
2
2
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