Abbreviated Company Accounts - GARMONY LIMITED

03085280 GARMONY LIMITED 2014-10-01 false 2013-10-01 2014-10-01 true 03085280 2013-10-01 2014-10-01 03085280 2014-10-01 03085280 2013-09-30 03085280 uk-gaap-cd-bus:Director1 2013-10-01 2014-10-01 03085280 uk-gaap-cd-bus:Director2 2013-10-01 2014-10-01 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-10-01 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 03085280

GARMONY LIMITED

Abbreviated Accounts

1 October 2014

GARMONY LIMITED Registered Number 03085280

Abbreviated Balance Sheet as at 1 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	10,802	11,991
		10,802	11,991
Current assets
Debtors		99,753	42,572
Cash at bank and in hand		413,107	322,366
		512,860	364,938
Prepayments and accrued income		64,265	9,672
Creditors: amounts falling due within one year		(146,396)	(79,560)
Net current assets (liabilities)		430,729	295,050
Total assets less current liabilities		441,531	307,041
Provisions for liabilities		(1,838)	(2,005)
Total net assets (liabilities)		439,693	305,036
Capital and reserves
Called up share capital	3	5,000	5,000
Profit and loss account		434,693	300,036
Shareholders' funds		439,693	305,036

For the year ending 1 October 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 29 June 2015

And signed on their behalf by:
MISO MARLAIS, Director

GARMONY LIMITED Registered Number 03085280

Notes to the Abbreviated Accounts for the period ended 1 October 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 the value of work carried out in respect of contracting activities during the
year, including amounts invoiced after the balance sheet date in respect of work completed
during the year. Turnover excludes value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost. Depreciation is charged so as to write off the full
cost over their expected useful lives. The rates used are :

Furniture and equipment Owned assets - 20% reducing balance

Other accounting policies
Profit recognition on contracts / long term contracts

Profit on contracting activities is taken as work progresses. Unless a more conservative
approach is necessary, the percentage margin on each individual contract is the lower of
the margin earned to date and that forecast at completion taking account of agreed
claims. Full provision is made for all known or expected losses at completion immediately
such losses are forecast on each contract.

Claims are included in the valuation of contracts and credited to the profit and loss account
only when entitlement has been established.

Work in progress on small projects incomplete at balance sheet date is stated at the lower
of cost plus attributable overheads and net realisable value.

Deferred taxation

The charge or credit for taxation is based on the results for the period as adjusted for
disallowable items. Tax deferred or accelerated is accounted for on all material timing
differences.

Operating lease commitments

Rentals relating to operating leases are charged to profit and loss account over the period
of the lease.

2Tangible fixed assets

	£
Cost
At 1 October 2013	71,758
Additions	1,512
Disposals	-
Revaluations	-
Transfers	-
At 1 October 2014	73,270
Depreciation
At 1 October 2013	59,767
Charge for the year	2,701
On disposals	-
At 1 October 2014	62,468
Net book values
At 1 October 2014	10,802
At 30 September 2013	11,991

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
5,000 Ordinary shares of £1 each	5,000	5,000