Abbreviated Company Accounts - GALVEN LIMITED

Registered Number 04311763

GALVEN LIMITED

Abbreviated Accounts

31 October 2014

GALVEN LIMITED Registered Number 04311763

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	8,064	6,713
		8,064	6,713
Current assets
Debtors		61,149	27,702
Cash at bank and in hand		28,186	11,196
		89,335	38,898
Creditors: amounts falling due within one year		(48,844)	(31,864)
Net current assets (liabilities)		40,491	7,034
Total assets less current liabilities		48,555	13,747
Creditors: amounts falling due after more than one year		(13,299)	(23,242)
Provisions for liabilities		(1,613)	-
Total net assets (liabilities)		33,643	(9,495)
Capital and reserves
Called up share capital		100	100
Profit and loss account		33,543	(9,595)
Shareholders' funds		33,643	(9,495)

For the year ending 31 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 12 May 2015

And signed on their behalf by:
G Micciche, Director

GALVEN LIMITED Registered Number 04311763

Notes to the Abbreviated Accounts for the period ended 31 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, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office Equipment 30% reducing balance

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 November 2013	10,418
Additions	4,807
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	15,225
Depreciation
At 1 November 2013	3,705
Charge for the year	3,456
On disposals	-
At 31 October 2014	7,161
Net book values
At 31 October 2014	8,064
At 31 October 2013	6,713