Abbreviated Company Accounts - THE GRAY CIRCLE LIMITED

THE GRAY CIRCLE LIMITED - Company Information

05458059 THE GRAY CIRCLE LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 05458059 2013-08-01 2014-07-31 05458059 2014-07-31 05458059 2013-07-31 05458059 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 05458059 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 05458059

THE GRAY CIRCLE LIMITED

Abbreviated Accounts

31 July 2014

THE GRAY CIRCLE LIMITED Registered Number 05458059

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	55,000	60,000
Tangible assets	3	547	1,376
		55,547	61,376
Current assets
Debtors		15,379	16,614
Cash at bank and in hand		26,240	22,595
		41,619	39,209
Creditors: amounts falling due within one year		(38,873)	(34,822)
Net current assets (liabilities)		2,746	4,387
Total assets less current liabilities		58,293	65,763
Creditors: amounts falling due after more than one year		(95,000)	(95,000)
Total net assets (liabilities)		(36,707)	(29,237)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(36,807)	(29,337)
Shareholders' funds		(36,707)	(29,237)

For the year ending 31 July 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 6 March 2015

And signed on their behalf by:
Thomas Dale Gray, Director

THE GRAY CIRCLE LIMITED Registered Number 05458059

Notes to the Abbreviated Accounts for the period ended 31 July 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.

Turnover policy
Turnover represents the total invoiced value, excluding value added tax, of services rendered during the year.

Tangible assets depreciation policy
Tangible fixed assets are stated at const less depreciation.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life , as follows:

Plant and machinery - 40% on cost
Computer equipment - 40% on cost

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 20 years.

2Intangible fixed assets

	£
Cost
At 1 August 2013	100,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	100,000
Amortisation
At 1 August 2013	40,000
Charge for the year	5,000
On disposals	-
At 31 July 2014	45,000
Net book values
At 31 July 2014	55,000
At 31 July 2013	60,000

3Tangible fixed assets

	£
Cost
At 1 August 2013	58,908
Additions	230
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	59,138
Depreciation
At 1 August 2013	57,532
Charge for the year	1,059
On disposals	-
At 31 July 2014	58,591
Net book values
At 31 July 2014	547
At 31 July 2013	1,376

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £100 each	100	100