Abbreviated Company Accounts - GLENFERN TRADING LIMITED

GLENFERN TRADING LIMITED - Company Information

06312950 GLENFERN TRADING LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 06312950 2013-11-01 2014-10-31 06312950 2014-10-31 06312950 2013-10-31 06312950 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 06312950 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 06312950

GLENFERN TRADING LIMITED

Abbreviated Accounts

31 October 2014

GLENFERN TRADING LIMITED Registered Number 06312950

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	934,030	957,056
		934,030	957,056
Current assets
Stocks		794,015	764,350
Debtors		100,466	110,738
Cash at bank and in hand		60,975	54,993
		955,456	930,081
Creditors: amounts falling due within one year		(1,026,838)	(889,978)
Net current assets (liabilities)		(71,382)	40,103
Total assets less current liabilities		862,648	997,159
Creditors: amounts falling due after more than one year		(115,336)	(155,924)
Total net assets (liabilities)		747,312	841,235
Capital and reserves
Called up share capital	3	1,300,000	1,300,000
Profit and loss account		(552,688)	(458,765)
Shareholders' funds		747,312	841,235

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 29 June 2015

And signed on their behalf by:
J E Thomas, Director

GLENFERN TRADING LIMITED Registered Number 06312950

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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Freehold property 2% on cost
Plant and machinery 25% reducing balance
Fixtures and fittings 25% on cost

2Tangible fixed assets

	£
Cost
At 1 November 2013	1,087,984
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	1,087,984
Depreciation
At 1 November 2013	130,928
Charge for the year	23,026
On disposals	-
At 31 October 2014	153,954
Net book values
At 31 October 2014	934,030
At 31 October 2013	957,056

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

	2014 £	2013 £
1,300,000 Ordinary shares of £1 each	1,300,000	1,300,000