GARDNERS_BATHROOMS_&_KITC - Accounts

GARDNERS BATHROOMS & KITCHENS LIMITED - Company Information

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Company Registration No. 08310045 (England and Wales)

GARDNERS BATHROOMS & KITCHENS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2013

GARDNERS BATHROOMS & KITCHENS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GARDNERS BATHROOMS & KITCHENS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

Notes

Fixed assets

Tangible assets

96,842

Current assets

Stocks

100,539

Cash at bank and in hand

38,921

139,460

Creditors: amounts falling due within one year

(229,317)

Net current liabilities

(89,857)

Total assets less current liabilities

6,985

Capital and reserves

Called up share capital

100

Profit and loss account

6,885

Shareholders' funds

6,985

For the financial Period ended 31 December 2013 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 Period 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 27 August 2014

C L Gardner

Director

Company Registration No. 08310045

GARDNERS BATHROOMS & KITCHENS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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:

Leasehold improvements

15% reducing balance

Plant and machinery

25% reducing balance

Computer equipment

25% reducing balance

1.5

Stock

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

1.6

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.

Fixed assets

Tangible assets

Cost

At 27 November 2012

Additions

105,499

At 31 December 2013

105,499

Depreciation

At 27 November 2012

Charge for the period

8,657

At 31 December 2013

8,657

Net book value

At 31 December 2013

96,842

GARDNERS BATHROOMS & KITCHENS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2013

- 3 -

Share capital

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100

During the period the company issued 100 ordinary shares of £1 each at par for cash consideration to provide initial working capital.