Egale Limited,Ltd - Accounts

EGALE LIMITED - Company Information

Print Friendly Version

Egale Limited

For the period ended 31 May 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 07592920

Contents Page

Egale Limited

For the period ended 31 May 2015

Accountants' Report

Balance Sheet

3 to 4

Notes to the Abbreviated Financial Statements

Egale Limited

Accountants' Report

For the period ended 31 May 2015

As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 31 May

2015 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your

statutory responsibilities, from the accounting records and information and explanations supplied to us.

BKPS Ltd Incorporating Sue Owen Accountants

14a Regent Road

Altrincham

Cheshire

WA14 1RP

1 of 4

Abbreviated Balance Sheet

Egale Limited

As at 31 May 2015

07592920

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

640

Current assets

Debtors

8,579

525

Cash at bank and in hand

110

10,228

635

18,807

Creditors: amounts falling due within one year

(31,086)

(9,137)

(12,279)

(8,502)

Net current liabilities

Total assets less current liabilities

(8,502)

(11,639)

(8,502)

Net liabilities

(11,639)

Capital and reserves

Called up share capital

Profit and loss account

(8,504)

(11,641)

(8,502)

(11,639)

Shareholders funds

For the period ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;

2) 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.

Date approved by the board: 13 September 2015

Lady Anna Knight Director

Signed on behalf of the board of directors

2 of 4

Notes to the Abbreviated Financial Statements

Egale Limited

For the period ended 31 May 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the

shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

33% Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

2,390

At 01 May 2014

(2,390)

Disposals

At 31 May 2015

Depreciation

1,750

At 01 May 2014

(1,750)

Disposals

At 31 May 2015

Net book values

At 31 May 2015

640

At 30 April 2014

3 of 4

Notes to the Abbreviated Financial Statements

Egale Limited

For the period ended 31 May 2015

3 Share capital

Allotted called up and fully paid

2015

2014

2 Class A shares of £1.00 each

4 of 4