GRAYBRIDGE_SOLUTIONS_LIMI - Accounts

GRAYBRIDGE SOLUTIONS LIMITED - Company Information

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Company Registration No. 03834833 (England and Wales)

GRAYBRIDGE SOLUTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

GRAYBRIDGE SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GRAYBRIDGE SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

430

464

Current assets

Debtors

78,340

22,888

Cash at bank and in hand

35,553

49,485

113,893

72,373

Creditors: amounts falling due within one year

(27,003)

(41,881)

Net current assets

86,890

30,492

Total assets less current liabilities

87,320

30,956

Capital and reserves

Called up share capital

Profit and loss account

87,316

30,952

Shareholders' funds

87,320

30,956

For the financial year ended 30 September 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 for issue on 24 June 2015

James Fallon

Director

Company Registration No. 03834833

GRAYBRIDGE SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 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

Turnover

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

1.3

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:

Computer equipment

50% Straightline

Fixed assets

Tangible assets

Cost

At 1 October 2013

3,657

Additions

860

At 30 September 2014

4,517

Depreciation

At 1 October 2013

3,193

Charge for the year

894

At 30 September 2014

4,087

Net book value

At 30 September 2014

430

At 30 September 2013

464

GRAYBRIDGE SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary A of £1 each

1 Ordinary B of £1 each

1 Ordinary C of £1 each

Ordinary A shares have full voting rights, are entitled to receive dividends and on return of capital have priority over all other classes of shares.

Ordinary B shares are limited to vote only on resolutions that affect their class rights. They do not have entitlement to receive dividends except with the prior approval of the majority of the holders of Ordinary A shares. On return of capital they rank in priority behind Ordinary A shares but ranking pari passu with Ordinary C shares.

Ordinary C shares are limited to vote on only resolutions that affect their class rights. They do not have entitlement to receive dividends except with the prior approval of the majority of the holders of Ordinary A shares. On return of capital they rank in priority behind Ordinary A shares but ranking pari passu with Ordinary B shares.