Gladwish Land Sales Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04637546 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2015

for

Gladwish Land Sales Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R V Gladwish

SECRETARY:

REGISTERED OFFICE:

47 London Road

HORSHAM

West Sussex

RH12 1AW

REGISTERED NUMBER:

04637546 (England and Wales)

ACCOUNTANTS:

Bristow Still

Chartered Accountants

39 Sackville Road

Hove

East Sussex

BN3 3WD

Fixed assets

Tangible assets

2

8,426

11,234

Investments

3

-

-

8,426

11,234

Current assets

Stocks

323,612

326,344

Debtors

15,774

15,774

Cash at bank and in hand

22,021

37,957

361,407

380,075

Creditors

Amounts falling due within one year

37,114

36,900

Net current assets

324,293

343,175

Total assets less current liabilities

332,719

354,409

Capital and reserves

Called up share capital

4

1,000

1,000

Profit and loss account

331,719

353,409

Shareholders' funds

332,719

354,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 10 July 2015 and were signed by:

R V Gladwish - 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 goods, 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.

Short leasehold

-

Straight line over term of lease

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

198,219

DEPRECIATION

At 1 April 2014

186,985

Charge for year

2,808

At 31 March 2015

189,793

NET BOOK VALUE

At 31 March 2015

8,426

At 31 March 2014

11,234

3.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Sheepland Acquisitions Limited

Nature of business: Land acquisition

%

Class of shares:

holding

Ordinary

100.00

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000