Abbreviated Company Accounts - GREWALZ LIMITED

02152634 GREWALZ LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 02152634 2014-06-01 2015-05-31 02152634 2015-05-31 02152634 2014-05-31 02152634 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 02152634 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 02152634

GREWALZ LIMITED

Abbreviated Accounts

31 May 2015

GREWALZ LIMITED Registered Number 02152634

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	545,600	579,700
Tangible assets	3	38,155	31,205
Investments		-	-
		583,755	610,905
Current assets
Stocks		165,550	102,250
Debtors		78,318	12,532
Investments		-	-
Cash at bank and in hand		73,160	84,896
		317,028	199,678
Net current assets (liabilities)		317,028	199,678
Total assets less current liabilities		900,783	810,583
Creditors: amounts falling due after more than one year		(255,496)	(166,753)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		645,287	643,830
Capital and reserves
Called up share capital	4	727,000	727,000
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(81,713)	(83,170)
Shareholders' funds		645,287	643,830

For the year ending 31 May 2015 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 8 September 2015

And signed on their behalf by:
Mr H S Grewal, Director

GREWALZ LIMITED Registered Number 02152634

Notes to the Abbreviated Accounts for the period ended 31 May 2015

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 January 2015).

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.
Plant and machinery 25% reducing balance
Motor vehicles 25% 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 un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Stocks
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 June 2014	682,000
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 May 2015	682,000
Amortisation
At 1 June 2014	102,300
Charge for the year	34,100
On disposals	0
At 31 May 2015	136,400
Net book values
At 31 May 2015	545,600
At 31 May 2014	579,700

Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.

3Tangible fixed assets

	£
Cost
At 1 June 2014	56,280
Additions	27,685
Disposals	(19,000)
Revaluations	0
Transfers	0
At 31 May 2015	64,965
Depreciation
At 1 June 2014	25,075
Charge for the year	12,719
On disposals	(10,984)
At 31 May 2015	26,810
Net book values
At 31 May 2015	38,155
At 31 May 2014	31,205

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
727,000 Ordinary shares of £1 each	727,000	727,000