Glow Marketing Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04005899 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 May 2015

for

Glow Marketing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms L J Lavis

Mrs D J Barker

SECRETARY:

Ms L J Lavis

REGISTERED OFFICE:

Front Offices First Floor

12a The Square

Wickham

Hampshire

PO17 5JQ

REGISTERED NUMBER:

04005899 (England and Wales)

ACCOUNTANTS:

Butler & Co (Bishops Waltham) Limited

Chartered accountants

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

FIXED ASSETS

Tangible assets

2

10,809

11,335

CURRENT ASSETS

Stocks

1,272

3,001

Debtors

35,164

44,029

Cash at bank

4,111

55

40,547

47,085

CREDITORS

Amounts falling due within one year

3

49,992

65,873

NET CURRENT LIABILITIES

(9,445

)

(18,788

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,364

(7,453

)

CREDITORS

Amounts falling due after more than one year

-

(1,915

)

PROVISIONS FOR LIABILITIES

(1,934

)

(1,990

)

NET LIABILITIES

(570

)

(11,358

)

CAPITAL AND RESERVES

Called up share capital

4

300

300

Profit and loss account

(870

)

(11,658

)

SHAREHOLDERS' FUNDS

(570

)

(11,358

)

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

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

The directors acknowledge their 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 Board of Directors on 5 November 2015 and were signed on its behalf by:

Ms L J Lavis - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on a going concern basis, which assumed the continuing support

of the directors in order to continue the day to day operations of the company. Should this support be withdrawn

then the going concern basis may not be appropriate; however the restatement of assets and liabilities would not

have a material effect of the financial statements.

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.

Fixtures & fittings

-

15% reducing balance basis

Computer equipment

-

25% reducing balance basis

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

44,209

Additions

2,709

At 31 May 2015

46,918

DEPRECIATION

At 1 June 2014

32,874

Charge for year

3,235

At 31 May 2015

36,109

NET BOOK VALUE

At 31 May 2015

10,809

At 31 May 2014

11,335

3.

CREDITORS

Creditors include an amount of £ 13,943 (31.5.14 - £ 13,797 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary A shares

£1

100

100

100

Ordinary B shares

£1

100

100

100

Ordinary B shares

£1

100

100

300

300