Static Gallery And Studios Limited - Limited company - abbreviated - 11.6
Static Gallery And Studios Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
Abbreviated Accounts |
for the Year Ended 31 August 2014 |
for |
Static Gallery And Studios Limited |
Static Gallery And Studios Limited (Registered number: 04266902) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 August 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Static Gallery And Studios Limited |
Company Information |
for the Year Ended 31 August 2014 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Static Gallery And Studios Limited (Registered number: 04266902) |
Abbreviated Balance Sheet |
31 August 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CREDITORS |
Amounts falling due after more than one year |
RESERVES |
Income and expenditure account | ( |
) | ( |
) |
( |
) | ( |
) |
(21,869 | ) | (5,649 | ) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Static Gallery And Studios Limited (Registered number: 04266902) |
Abbreviated Balance Sheet - continued |
31 August 2014 |
The financial statements were approved by the director on |
Static Gallery And Studios Limited (Registered number: 04266902) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 August 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements 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 net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Government grants |
Government grants on capital expenditure are credited to a deferral account and are released to revenue over the |
expected useful life of the relevant asset by equal annual instalments. Grants of a revenue nature are credited to |
income in the period to which they relate. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2013 |
Additions |
At 31 August 2014 |
DEPRECIATION |
At 1 September 2013 |
Charge for year |
At 31 August 2014 |
NET BOOK VALUE |
At 31 August 2014 |
At 31 August 2013 |
3. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
2014 | 2013 |
£ | £ |
Cost/valuation b/f | 8,400 | - |
Artworks | - | 8,400 |