Abbreviated Company Accounts - GEM LOGICAL LTD

Abbreviated Company Accounts - GEM LOGICAL LTD

GEM LOGICAL LTD - Company Information

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Registered Number 05728390

GEM LOGICAL LTD

Abbreviated Accounts

30 June 2014

GEM LOGICAL LTD Registered Number 05728390

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 105 140
105 140
Current assets
Stocks 350 360
Debtors - 3
Cash at bank and in hand 501 -
851 363
Creditors: amounts falling due within one year (48,363) (39,909)
Net current assets (liabilities) (47,512) (39,546)
Total assets less current liabilities (47,407) (39,406)
Total net assets (liabilities) (47,407) (39,406)
Capital and reserves
Called up share capital 2 2
Profit and loss account (47,409) (39,408)
Shareholders' funds (47,407) (39,406)
  • For the year ending 30 June 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 16 March 2015

And signed on their behalf by:
Jerry Levy, Director

GEM LOGICAL LTD Registered Number 05728390

Notes to the Abbreviated Accounts for the period ended 30 June 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 amounts receivable for goods and services net of VAT and trade discounts.

2Tangible fixed assets
£
Cost
At 1 July 2013 808
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 808
Depreciation
At 1 July 2013 668
Charge for the year 35
On disposals -
At 30 June 2014 703
Net book values
At 30 June 2014 105
At 30 June 2013 140