Abbreviated Company Accounts - GIELLY GREEN LIMITED

GIELLY GREEN LIMITED - Company Information

06476636 GIELLY GREEN LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 06476636 2014-09-01 2015-08-31 06476636 2015-08-31 06476636 2014-08-31 06476636 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 06476636 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 06476636

GIELLY GREEN LIMITED

Abbreviated Accounts

31 August 2015

GIELLY GREEN LIMITED Registered Number 06476636

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	403,276	413,626
		403,276	413,626
Current assets
Stocks		152,603	161,010
Debtors		449,393	338,526
Cash at bank and in hand		3,257	4,371
		605,253	503,907
Creditors: amounts falling due within one year		(1,067,337)	(793,927)
Net current assets (liabilities)		(462,084)	(290,020)
Total assets less current liabilities		(58,808)	123,606
Creditors: amounts falling due after more than one year		(9,376)	(48,120)
Provisions for liabilities		(19,725)	(16,984)
Total net assets (liabilities)		(87,909)	58,502
Capital and reserves
Called up share capital	3	139	139
Share premium account		194,461	194,461
Profit and loss account		(282,509)	(136,098)
Shareholders' funds		(87,909)	58,502

For the year ending 31 August 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 27 October 2015

And signed on their behalf by:
Shai Greenberg, Director
Shahar Geffen, Director

GIELLY GREEN LIMITED Registered Number 06476636

Notes to the Abbreviated Accounts for the period ended 31 August 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 April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each assets over its expected life, as follows:

Fixtures, fitting and equipment- 10% straight line, except for assets held under finance leases
Plant & Machinery- 10% straight line
Premises Improvements- 5% straight line

2Tangible fixed assets

	£
Cost
At 1 September 2014	758,006
Additions	49,090
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	807,096
Depreciation
At 1 September 2014	344,380
Charge for the year	59,440
On disposals	-
At 31 August 2015	403,820
Net book values
At 31 August 2015	403,276
At 31 August 2014	413,626

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

	2015 £	2014 £
13,900 Ordinary shares of £0.01 each	139	139