GREGTONS_CONFECTIONERY_LI - Accounts

GREGTONS CONFECTIONERY LIMITED - Company Information

Print Friendly Version

Company Registration No. 04280063 (England and Wales)

GREGTONS CONFECTIONERY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

GREGTONS CONFECTIONERY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GREGTONS CONFECTIONERY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

8,895

Current assets

Stocks

22,000

Debtors

6,735

100

Cash at bank and in hand

5,204

33,939

100

Creditors: amounts falling due within one year

(25,536)

Net current assets

8,403

100

Total assets less current liabilities

17,298

100

Provisions for liabilities

(1,779)

15,519

100

Capital and reserves

Called up share capital

100

Profit and loss account

15,419

Shareholders' funds

15,519

100

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 28 April 2015

Mr R Cawley

Director

Company Registration No. 04280063

GREGTONS CONFECTIONERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15 percent reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

GREGTONS CONFECTIONERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2013

Additions

10,465

At 30 June 2014

10,465

Depreciation

At 1 July 2013

Charge for the year

1,570

At 30 June 2014

1,570

Net book value

At 30 June 2014

8,895

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100