Abbreviated Company Accounts - GILLIGAD ABBEYLACE LTD

02376383 GILLIGAD ABBEYLACE LTD 2016-05-31 false 2015-06-01 2016-05-31 true 02376383 2015-06-01 2016-05-31 02376383 2016-05-31 02376383 2015-05-31 02376383 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 02376383 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 02376383

GILLIGAD ABBEYLACE LTD

Abbreviated Accounts

31 May 2016

GILLIGAD ABBEYLACE LTD Registered Number 02376383

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	91,036	101,152
Tangible assets	3	3,731	4,390
Investments	4	143,736	143,736
		238,503	249,278
Current assets
Stocks		19,200	17,550
Debtors		61,863	52,592
Cash at bank and in hand		442,588	398,655
		523,651	468,797
Creditors: amounts falling due within one year		(115,640)	(47,580)
Net current assets (liabilities)		408,011	421,217
Total assets less current liabilities		646,514	670,495
Creditors: amounts falling due after more than one year		(195,193)	(213,605)
Total net assets (liabilities)		451,321	456,890
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		451,221	456,790
Shareholders' funds		451,321	456,890

For the year ending 31 May 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 3 January 2017

And signed on their behalf by:
R A Patel, Director

GILLIGAD ABBEYLACE LTD Registered Number 02376383

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 15% on Reducing Balance

Intangible assets amortisation policy
Goodwill Amortisation 5% straight line

2Intangible fixed assets

	£
Cost
At 1 June 2015	202,312
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	202,312
Amortisation
At 1 June 2015	101,160
Charge for the year	10,116
On disposals	-
At 31 May 2016	111,276
Net book values
At 31 May 2016	91,036
At 31 May 2015	101,152

3Tangible fixed assets

	£
Cost
At 1 June 2015	16,492
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	16,492
Depreciation
At 1 June 2015	12,102
Charge for the year	659
On disposals	-
At 31 May 2016	12,761
Net book values
At 31 May 2016	3,731
At 31 May 2015	4,390

4Fixed assets Investments
Cost
At 1 June 2015 143,736

At 31 May 2016 143,736

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100