Accounts filed on 31-08-2017

Accounts filed on 31-08-2017

GIFFORD OWEN LIMITED - Company Information

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Registered number: 03444025
Gifford Owen Limited
ACCOUNTS
FOR THE YEAR ENDED 31/08/2017
Prepared By:
JER Accounts Service
Accounting, Taxation, Management
7 St Pauls Yard
Silver Street
Newport Pagnell
Bucks
MK16 0EG
Gifford Owen Limited
ACCOUNTS
FOR THE YEAR ENDED 31/08/2017
DIRECTORS
Mrs C M Gifford
.
REGISTERED OFFICE
7 St Pauls Yard
Silver Street
Newport Pagnell
Bucks
MK16 0EG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03444025
ACCOUNTANTS
JER Accounts Service
Accounting, Taxation, Management
7 St Pauls Yard
Silver Street
Newport Pagnell
Bucks
MK16 0EG
Gifford Owen Limited
ACCOUNTS
FOR THEYEARENDED31/08/2017
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Gifford Owen Limited
BALANCE SHEET AT 31/08/2017
2017
Notes£
FIXED ASSETS
Tangible assets2378,496
Investment Assets3237,170
615,666
CURRENT ASSETS
Debtors411,849
Cash at bank and in hand10,063
21,912
CREDITORS: Amounts falling due within one year574,262
NET CURRENT LIABILITIES(52,350)
TOTAL ASSETS LESS CURRENT LIABILITIES563,316
CREDITORS: Amounts falling due after more than one year626,623
NET ASSETS536,693
CAPITAL AND RESERVES
Called up share capital82
Profit and loss account536,691
SHAREHOLDERS' FUNDS536,693
For the year ending 31/08/2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/02/2018 and signed on their behalf by
.............................
Mrs C M Gifford
Director
Gifford Owen Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Motor Carsreducing balance 25%
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryMotor CarsTotal
££££
Cost
At 01/09/2016371,83124,73416,500413,065
At 31/08/2017371,83124,73416,500413,065
Depreciation
At 01/09/2016-19,76412,58432,348
For the year-1,2429792,221
At 31/08/2017-21,00613,56334,569
Net Book Amounts
At 31/08/2017371,8313,7282,937378,496
At 31/08/2016371,8314,9703,916380,717
3. FiNANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/09/2016185,304185,304
Additions51,86651,866
At 31/08/2017237,170237,170
Amortisation
Net Book Amounts
At 31/08/2017237,170237,170
At 31/08/2016185,304185,304
Gifford Owen Limited
4. DEBTORS 2017
£
Amounts falling due within one year
Trade debtors11,830
PAYE control19
11,849
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017
£
VAT7,420
Salaries and wages control200
Mortgage46,574
Accruals20,068
74,262
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017
£
Loans >1yr26,623
26,623
7. EMPLOYEES
2017
No.No.
8. SHARE CAPITAL 2017
£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each2
2