Gruvi Limited - Abbreviated accounts

Gruvi Limited - Abbreviated accounts


Registered number
07377735
Gruvi Limited
Abbreviated Accounts
30 September 2013
Gruvi Limited
Registered number: 07377735
Abbreviated Balance Sheet
as at 30 September 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 700 -
Current assets
Debtors 64,387 29,153
Cash at bank and in hand 97,148 35,882
161,535 65,035
Creditors: amounts falling due within one year (93,066) (60,774)
Net current assets/(liabilities) 68,469 4,261
Total assets less current liabilities 69,169 4,261
Provisions for liabilities (140) -
Net assets/(liabilities) 69,029 4,261
Capital and reserves
Called up share capital 3 1,000 1,000
Profit and loss account 68,029 3,261
Shareholders' funds 69,029 4,261
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
B Johnson
Director
Approved by the board on 22 July 2014
Gruvi Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2013
1 Accounting policies
Basis of preparation
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
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.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 33% straight line
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Tangible fixed assets £
Cost
Additions 860
At 30 September 2013 860
Depreciation
Charge for the year 160
At 30 September 2013 160
Net book value
At 30 September 2013 700
3 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £0.01 each 100,000 1,000 1,000
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