GRDIT Ltd - Limited company accounts 11.7

REGISTERED NUMBER: SC470031 (Scotland)

Report of the Director and

Financial Statements

for the Period

14 February 2014 to 28 February 2015

for

GRDIT Ltd

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

G Davidson

REGISTERED OFFICE:

90/24 McDonald Road

Edinburgh

EH7 4NU

REGISTERED NUMBER:

SC470031 (Scotland)

ACCOUNTANTS:

Ascot Drummond (UK) Limited

Suite 12, River Court

West Victoria Dock Road

Dundee

Angus

DD1 3JT

The director presents his report with the financial statements of the company for the period 14 February 2014 to 28 February 2015.

INCORPORATION

The company was incorporated on 14 February 2014 .

DIRECTOR

G Davidson was appointed as a director on 14 February 2014 and held office during the whole of the period from then
to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

G Davidson - Director

8 July 2015

TURNOVER

51,473

Administrative expenses

13,769

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

37,704

Tax on profit on ordinary activities

3

7,434

PROFIT FOR THE FINANCIAL PERIOD

30,270

FIXED ASSETS

Tangible assets

5

533

CURRENT ASSETS

Debtors

6

4,410

Cash at bank

12,757

17,167

CREDITORS

Amounts falling due within one year

7

11,529

NET CURRENT ASSETS

5,638

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,171

CAPITAL AND RESERVES

Called up share capital

8

1

Profit and loss account

9

6,170

SHAREHOLDERS' FUNDS

6,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

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 profit or loss 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.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 8 July 2015 and were signed by:

G Davidson - Director

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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

267

Director's remuneration and other benefits etc

9,167

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the period was as follows:

£

Current tax:

UK corporation tax

7,434

Tax on profit on ordinary activities

7,434

4.

DIVIDENDS

£

Ordinary share of 1

Final

24,100

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

800

At 28 February 2015

800

DEPRECIATION

Charge for period

267

At 28 February 2015

267

NET BOOK VALUE

At 28 February 2015

533

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

4,410

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1

Taxation and social security

11,106

Other creditors

422

11,529

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

1

9.

RESERVES

Profit

and loss

account

£

Profit for the period

30,270

Dividends

(24,100

)

At 28 February 2015

6,170