Abbreviated Company Accounts - GLAMAIR SUPPLIES LIMITED

GLAMAIR SUPPLIES LIMITED - Company Information

Registered Number 06781955

GLAMAIR SUPPLIES LIMITED

Abbreviated Accounts

31 January 2015

GLAMAIR SUPPLIES LIMITED Registered Number 06781955

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	40,068	43,347
		40,068	43,347
Current assets
Stocks		71,349	74,598
Debtors		68,495	60,463
Cash at bank and in hand		4,500	14,500
		144,344	149,561
Creditors: amounts falling due within one year		(49,321)	(56,792)
Net current assets (liabilities)		95,023	92,769
Total assets less current liabilities		135,091	136,116
Creditors: amounts falling due after more than one year		(112,297)	(125,756)
Total net assets (liabilities)		22,794	10,360
Capital and reserves
Called up share capital		2	2
Profit and loss account		22,792	10,358
Shareholders' funds		22,794	10,360

For the year ending 31 January 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 23 October 2015

And signed on their behalf by:
Suzanne Martin, Director

GLAMAIR SUPPLIES LIMITED Registered Number 06781955

Notes to the Abbreviated Accounts for the period ended 31 January 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate
Motor vehicles 25% on reducing balance
Office equipment 25% on reducing basis

2Tangible fixed assets

	£
Cost
At 1 February 2014	54,212
Additions	76
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	54,288
Depreciation
At 1 February 2014	10,865
Charge for the year	3,355
On disposals	-
At 31 January 2015	14,220
Net book values
At 31 January 2015	40,068
At 31 January 2014	43,347