Abbreviated Company Accounts - JOHN GOULD & SON (BANGOR) LIMITED

JOHN GOULD & SON (BANGOR) LIMITED - Company Information

NI016207 JOHN GOULD & SON (BANGOR) LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true NI016207 2015-11-01 2016-10-31 NI016207 2016-10-31 NI016207 2015-10-31 NI016207 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 NI016207 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-10-31 iso4217:GBP shares

Registered Number NI016207

JOHN GOULD & SON (BANGOR) LIMITED

Abbreviated Accounts

31 October 2016

JOHN GOULD & SON (BANGOR) LIMITED Registered Number NI016207

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	36,510	7,027
Investments	3	-	250
		36,510	7,277
Current assets
Stocks		88,537	88,973
Debtors		79,640	87,204
Cash at bank and in hand		109,104	135,420
		277,281	311,597
Creditors: amounts falling due within one year		(297,580)	(299,901)
Net current assets (liabilities)		(20,299)	11,696
Total assets less current liabilities		16,211	18,973
Creditors: amounts falling due after more than one year		(16,569)	-
Provisions for liabilities		(1,266)	(599)
Total net assets (liabilities)		(1,624)	18,374
Capital and reserves
Called up share capital	4	7	7
Profit and loss account		(1,631)	18,367
Shareholders' funds		(1,624)	18,374

For the year ending 31 October 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 28 July 2017

And signed on their behalf by:
G GOULD, Director

JOHN GOULD & SON (BANGOR) LIMITED Registered Number NI016207

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Plant & Machinery - 20% RB
Fixtures & Fittings - 25% RB
Motor Vehicles - 25% RB

2Tangible fixed assets

	£
Cost
At 1 November 2015	80,783
Additions	36,803
Disposals	(22,295)
Revaluations	-
Transfers	-
At 31 October 2016	95,291
Depreciation
At 1 November 2015	73,756
Charge for the year	6,030
On disposals	(21,005)
At 31 October 2016	58,781
Net book values
At 31 October 2016	36,510
At 31 October 2015	7,027

3Fixed assets Investments
Listed investments = £Nil (2015 £250)

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 A Ordinary shares of £1 each	4	4
2 B Ordinary shares of £1 each	2	2
1 C Ordinary share of £1 each	1	1