Gower Accountancy (Midlands) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05968166 (England and Wales)

Financial Statements For The Year Ended 30 June 2017

for

Gower Accountancy (Midlands) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Baig FCCA

SECRETARY:

REGISTERED OFFICE:

250 Humberstone Road

Leicester

LE5 0EG

REGISTERED NUMBER:

05968166 (England and Wales)

ACCOUNTANTS:

Gower Accountancy

Chartered Certified Accountants

250 Humberstone Road

Leicester

Leicestershire

LE5 0EG

FIXED ASSETS

Tangible assets

4

2,626

3,076

CURRENT ASSETS

Debtors

5

22,155

17,164

Prepayments and accrued income

2,884

4,506

Cash at bank

112,503

183,282

137,542

204,952

CREDITORS

Amounts falling due within one year

6

(103,267

)

(201,776

)

NET CURRENT ASSETS

34,275

3,176

TOTAL ASSETS LESS CURRENT LIABILITIES

36,901

6,252

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

36,801

6,152

SHAREHOLDERS' FUNDS

36,901

6,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 28 March 2018 and were signed by:

Mr J Baig FCCA - Director

1.	STATUTORY INFORMATION

Gower Accountancy (Midlands) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33.3% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2016

1,763

5,309

3,952

11,024

Additions

-

-

1,962

1,962

At 30 June 2017

1,763

5,309

5,914

12,986

DEPRECIATION

At 1 July 2016

1,369

4,786

1,793

7,948

Charge for year

176

522

1,714

2,412

At 30 June 2017

1,545

5,308

3,507

10,360

NET BOOK VALUE

At 30 June 2017

218

1

2,407

2,626

At 30 June 2016

394

523

2,159

3,076

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

22,155

17,164

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

157

2,400

Trade creditors

3,616

3,803

Taxation and social security

18,497

7,217

Other creditors

80,997

188,356

103,267

201,776

Included in other creditors is £80,884 (2016:£107,894) which represents the amount owed to the director Mr J. Baig at the

end of the financial year.