Abbreviated Company Accounts - GT INNS LTD

Registered Number NI052106

GT INNS LTD

Abbreviated Accounts

30 November 2014

GT INNS LTD Registered Number NI052106

Abbreviated Balance Sheet as at 30 November 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	1,866	2,332
Investments		-	-
		1,866	2,332
Current assets
Stocks		3,175	2,520
Debtors		-	325
Investments		-	-
Cash at bank and in hand		100,968	102,678
		104,143	105,523
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(44,963)	(53,266)
Net current assets (liabilities)		59,180	52,257
Total assets less current liabilities		61,046	54,589
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		(255)	(321)
Accruals and deferred income		0	0
Total net assets (liabilities)		60,791	54,268
Capital and reserves
Called up share capital		100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		60,691	54,168
Shareholders' funds		60,791	54,268

For the year ending 30 November 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 20 August 2015

And signed on their behalf by:
George Tohill, Director

GT INNS LTD Registered Number NI052106

Notes to the Abbreviated Accounts for the period ended 30 November 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 total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings
and equipment - 20% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 December 2013	7,492
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 November 2014	7,492
Depreciation
At 1 December 2013	5,160
Charge for the year	466
On disposals	0
At 30 November 2014	5,626
Net book values
At 30 November 2014	1,866
At 30 November 2013	2,332