Abbreviated Company Accounts - G.LEMOS BROTHERS COMPANY LIMITED

G.LEMOS BROTHERS COMPANY LIMITED - Company Information

00504744 G.LEMOS BROTHERS COMPANY LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 00504744 2014-01-01 2014-12-31 00504744 2014-12-31 00504744 2013-12-31 00504744 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 00504744 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 00504744

G.LEMOS BROTHERS COMPANY LIMITED

Abbreviated Accounts

31 December 2014

G.LEMOS BROTHERS COMPANY LIMITED Registered Number 00504744

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,351	1,075
Investments	3	-	222
		1,351	1,297
Current assets
Debtors	4	105,996	108,700
Cash at bank and in hand		227	2,660
		106,223	111,360
Net current assets (liabilities)		106,223	111,360
Total assets less current liabilities		107,574	112,657
Creditors: amounts falling due after more than one year		(4,375)	(5,218)
Total net assets (liabilities)		103,199	107,439
Capital and reserves
Called up share capital	5	5,000	5,000
Profit and loss account		98,199	102,439
Shareholders' funds		103,199	107,439

For the year ending 31 December 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 16 September 2015

And signed on their behalf by:
GEORGE LEMOS, Director

G.LEMOS BROTHERS COMPANY LIMITED Registered Number 00504744

Notes to the Abbreviated Accounts for the period ended 31 December 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 receivable for goods and services provided in the normal
course of business, net of trade discounts, VAT and other sales related taxes.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision
for impairment. Depreciation is provided on all tangible fixed assets, other than investment
properties and freehold land, at rates calculated to write off the cost or valuation, less
estimated residual value, of each asset over its expected useful life, as follows:
Office Equipment 25% p.a. on the written down value of assets
Furntiure and Equipment 15% p.a on the written down value of assets

2Tangible fixed assets

	£
Cost
At 1 January 2014	36,773
Additions	657
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	37,430
Depreciation
At 1 January 2014	35,698
Charge for the year	381
On disposals	-
At 31 December 2014	36,079
Net book values
At 31 December 2014	1,351
At 31 December 2013	1,075

3Fixed assets Investments
All of the investments relating to shares in the Baltic Exchange Ltd has been disposed in
the year ended 31 December 2014.

4Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	105,996	108,700

5Called Up Share Capital
Allotted, called up and fully paid:

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