Abbreviated Company Accounts - GRID TELECOM NETWORKS LTD

GRID TELECOM NETWORKS LTD - Company Information

07517255 GRID TELECOM NETWORKS LTD 2014-12-31 false 2014-01-01 2014-12-31 true 07517255 2014-01-01 2014-12-31 07517255 2014-12-31 07517255 2013-12-31 07517255 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07517255 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 07517255

GRID TELECOM NETWORKS LTD

Abbreviated Accounts

31 December 2014

GRID TELECOM NETWORKS LTD Registered Number 07517255

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	49	187
		49	187
Current assets
Debtors		45,481	8,000
Cash at bank and in hand		47,343	13,460
		92,824	21,460
Creditors: amounts falling due within one year		(43,300)	(10,612)
Net current assets (liabilities)		49,524	10,848
Total assets less current liabilities		49,573	11,035
Provisions for liabilities		(28)	(37)
Total net assets (liabilities)		49,545	10,998
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		49,543	10,996
Shareholders' funds		49,545	10,998

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 30 September 2015

And signed on their behalf by:
J Burton, Director

GRID TELECOM NETWORKS LTD Registered Number 07517255

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 the total invoice value of sales made during the year and derives from the
provision of services falling within the company's ordinary activities, excluding VAT.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost. 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
Computer equipment - 33.33% straight line

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date where transactions or events have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more, tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing differences reverse, based on tax rates and laws enacted or substantively
enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 January 2014	519
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	519
Depreciation
At 1 January 2014	332
Charge for the year	138
On disposals	-
At 31 December 2014	470
Net book values
At 31 December 2014	49
At 31 December 2013	187

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2