Eileen Grace Limited - Limited company - abbreviated - 11.6

Eileen Grace Limited - Limited company - abbreviated - 11.6

EILEEN GRACE LIMITED - Company Information

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REGISTERED NUMBER: 03002051 (England and Wales)




ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

EILEEN GRACE LIMITED

EILEEN GRACE LIMITED (REGISTERED NUMBER: 03002051)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

EILEEN GRACE LIMITED

COMPANY INFORMATION
for the year ended 31 December 2014







DIRECTORS: Mrs H E Dore
G Dore





SECRETARY: Mrs R Sayers





REGISTERED OFFICE: Unit 4
Hermes Court
Hermes Close
Warwick
Warwickshire
CV34 6NJ





REGISTERED NUMBER: 03002051 (England and Wales)





ACCOUNTANTS: LDP Luckmans
Victoria House
44-45 Queens Road
Coventry
West Midlands
CV1 3EH
Page 1
EILEEN GRACE LIMITED (REGISTERED NUMBER: 03002051)

ABBREVIATED BALANCE SHEET
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 30,980 43,959
Tangible assets 3 24,977 32,813
55,957 76,772

CURRENT ASSETS
Stocks 168,276 221,735
Debtors 18,675 26,270
Cash at bank and in hand 123,449 35,813
310,400 283,818
CREDITORS
Amounts falling due within one year 246,453 254,617
NET CURRENT ASSETS 63,947 29,201
TOTAL ASSETS LESS CURRENT
LIABILITIES
119,904
105,973

PROVISIONS FOR LIABILITIES 3,768 4,949
NET ASSETS 116,136 101,024

CAPITAL AND RESERVES
Called up share capital 4 5,000 5,000
Profit and loss account 111,136 96,024
SHAREHOLDERS' FUNDS 116,136 101,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
EILEEN GRACE LIMITED (REGISTERED NUMBER: 03002051)

ABBREVIATED BALANCE SHEET - continued
31 December 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 6 March 2015 and were signed on its
behalf by:





G Dore - Director


The notes form part of these abbreviated accounts

Page 3
EILEEN GRACE LIMITED (REGISTERED NUMBER: 03002051)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 December 2014

1. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 108,843
AMORTISATION
At 1 January 2014 64,884
Amortisation for year 12,979
At 31 December 2014 77,863
NET BOOK VALUE

At 31 December 2014 30,980
At 31 December 2013 43,959

Page 4 continued...
EILEEN GRACE LIMITED (REGISTERED NUMBER: 03002051)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 December 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 66,367
Additions 4,799
Disposals (2,300 )
At 31 December 2014 68,866
DEPRECIATION
At 1 January 2014 33,554
Charge for year 10,795
Eliminated on disposal (460 )
At 31 December 2014 43,889
NET BOOK VALUE
At 31 December 2014 24,977
At 31 December 2013 32,813

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
5,000 Ordinary £1 5,000 5,000

Page 5