Abbreviated Company Accounts - GORAM & VINCENT LTD

Abbreviated Company Accounts - GORAM & VINCENT LTD


Registered Number 07047217

GORAM & VINCENT LTD

Abbreviated Accounts

31 October 2014

GORAM & VINCENT LTD Registered Number 07047217

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 4,781 3,771
4,781 3,771
Current assets
Debtors 80,831 75,944
Cash at bank and in hand 1 57
80,832 76,001
Creditors: amounts falling due within one year (68,569) (120,832)
Net current assets (liabilities) 12,263 (44,831)
Total assets less current liabilities 17,044 (41,060)
Provisions for liabilities (956) (754)
Total net assets (liabilities) 16,088 (41,814)
Capital and reserves
Called up share capital 3 6 6
Profit and loss account 16,082 (41,820)
Shareholders' funds 16,088 (41,814)
  • For the year ending 31 October 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 11 March 2015

And signed on their behalf by:
Damian Connop, Director

GORAM & VINCENT LTD Registered Number 07047217

Notes to the Abbreviated Accounts for the period ended 31 October 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 January 2015).

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 20% straight line

2Tangible fixed assets
£
Cost
At 1 November 2013 16,448
Additions 1,666
Disposals -
Revaluations -
Transfers -
At 31 October 2014 18,114
Depreciation
At 1 November 2013 12,677
Charge for the year 656
On disposals -
At 31 October 2014 13,333
Net book values
At 31 October 2014 4,781
At 31 October 2013 3,771
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
6 Ordinary shares of £1 each 6 6