Abbreviated Company Accounts - G.I.C LIMITED

Abbreviated Company Accounts - G.I.C LIMITED

G.I.C LIMITED - Company Information

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Registered Number 02305650

G.I.C LIMITED

Abbreviated Accounts

31 December 2014

G.I.C LIMITED Registered Number 02305650

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 234 659
234 659
Current assets
Debtors 3,681 4,950
Cash at bank and in hand 55,070 75,030
58,751 79,980
Creditors: amounts falling due within one year (7,817) (10,804)
Net current assets (liabilities) 50,934 69,176
Total assets less current liabilities 51,168 69,835
Total net assets (liabilities) 51,168 69,835
Capital and reserves
Called up share capital 54 54
Profit and loss account 51,114 69,781
Shareholders' funds 51,168 69,835
  • For the year ending 31 December 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 12 February 2015

And signed on their behalf by:
A Cronin, Director

G.I.C LIMITED Registered Number 02305650

Notes to the Abbreviated Accounts for the period ended 31 December 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 net of VAT and trade discounts

Tangible assets depreciation policy
20%/33% straight line

2Tangible fixed assets
£
Cost
At 1 January 2014 33,881
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 33,881
Depreciation
At 1 January 2014 33,222
Charge for the year 425
On disposals -
At 31 December 2014 33,647
Net book values
At 31 December 2014 234
At 31 December 2013 659