GO30_(ROMFORD)_LIMITED - Accounts

GO30 (ROMFORD) LIMITED - Company Information

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Company Registration No. 06008837 (England and Wales)

GO30 (ROMFORD) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

GO30 (ROMFORD) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GO30 (ROMFORD) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

19,792

7,511

Current assets

Debtors

4,222

295

Cash at bank and in hand

2,992

22,270

7,214

22,565

Creditors: amounts falling due within one year

(50,334)

(24,720)

Net current liabilities

(43,120)

(2,155)

Total assets less current liabilities

(23,328)

5,356

Capital and reserves

Called up share capital

100

Profit and loss account

(23,428)

5,256

Shareholders' funds

(23,328)

5,356

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 February 2015

Mr D Stone

Director

Company Registration No. 06008837

GO30 (ROMFORD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% per annum on a net book value basis

Computer equipment

33% per annum on a cost basis

Fixtures, fittings and equipment

20%/15% per annum on a net book value basis

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

GO30 (ROMFORD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 June 2013

21,907

Additions

14,336

At 31 May 2014

36,243

Depreciation

At 1 June 2013

14,396

Charge for the year

2,055

At 31 May 2014

16,451

Net book value

At 31 May 2014

19,792

At 31 May 2013

7,511

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100