GT Seafoods Limited - Limited company - abbreviated - 11.6

GT Seafoods Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: SC241817 (Scotland)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

FOR

GT SEAFOODS LIMITED

GT SEAFOODS LIMITED (REGISTERED NUMBER: SC241817)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GT SEAFOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2015







DIRECTOR: G Tallis





REGISTERED OFFICE: 37 Broad Street
Peterhead
Aberdeenshire
AB42 1JB





REGISTERED NUMBER: SC241817 (Scotland)





ACCOUNTANTS: Goldwells Ltd
37 Broad Street
Peterhead
Aberdeenshire
AB42 1JB

GT SEAFOODS LIMITED (REGISTERED NUMBER: SC241817)

ABBREVIATED BALANCE SHEET
31ST MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 15,266 18,296

CURRENT ASSETS
Debtors 239,461 248,788
Cash at bank and in hand 190,913 195,651
430,374 444,439
CREDITORS
Amounts falling due within one year 105,120 213,249
NET CURRENT ASSETS 325,254 231,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,520

249,486

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 340,518 249,484
SHAREHOLDERS' FUNDS 340,520 249,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 19th October 2015 and were signed by:





G Tallis - Director


GT SEAFOODS LIMITED (REGISTERED NUMBER: SC241817)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2015

1. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2014 50,173
Additions 2,064
At 31st March 2015 52,237
DEPRECIATION
At 1st April 2014 31,877
Charge for year 5,094
At 31st March 2015 36,971
NET BOOK VALUE
At 31st March 2015 15,266
At 31st March 2014 18,296

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2