Abbreviated Company Accounts - G G ANTIQUE WHOLESALERS LIMITED

Abbreviated Company Accounts - G G ANTIQUE WHOLESALERS LIMITED

G G ANTIQUE WHOLESALERS LIMITED - Company Information

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Registered Number 04398366

G G ANTIQUE WHOLESALERS LIMITED

Abbreviated Accounts

31 May 2014

G G ANTIQUE WHOLESALERS LIMITED Registered Number 04398366

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 70,000 75,000
Tangible assets 3 226,232 229,937
296,232 304,937
Current assets
Stocks 201,460 200,009
Debtors 6,694 21,309
Cash at bank and in hand 248 198
208,402 221,516
Creditors: amounts falling due within one year (324,995) (350,656)
Net current assets (liabilities) (116,593) (129,140)
Total assets less current liabilities 179,639 175,797
Total net assets (liabilities) 179,639 175,797
Capital and reserves
Called up share capital 100 100
Profit and loss account 179,539 175,697
Shareholders' funds 179,639 175,797
  • For the year ending 31 May 2014 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 25 February 2015

And signed on their behalf by:
Mr S Goulding, Director

G G ANTIQUE WHOLESALERS LIMITED Registered Number 04398366

Notes to the Abbreviated Accounts for the period ended 31 May 2014

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.

2Intangible fixed assets
£
Cost
At 1 June 2013 125,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 125,000
Amortisation
At 1 June 2013 50,000
Charge for the year 5,000
On disposals -
At 31 May 2014 55,000
Net book values
At 31 May 2014 70,000
At 31 May 2013 75,000
3Tangible fixed assets
£
Cost
At 1 June 2013 301,087
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 301,087
Depreciation
At 1 June 2013 71,150
Charge for the year 3,705
On disposals -
At 31 May 2014 74,855
Net book values
At 31 May 2014 226,232
At 31 May 2013 229,937