Abbreviated Company Accounts - THE GRAY CIRCLE LIMITED
Abbreviated Company Accounts - THE GRAY CIRCLE LIMITED
Registered Number 05458059
THE GRAY CIRCLE LIMITED
Abbreviated Accounts
31 July 2015
THE GRAY CIRCLE LIMITED Registered Number 05458059
Abbreviated Balance Sheet as at 31 July 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
For the year ending 31 July 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
And signed on their behalf by:
THE GRAY CIRCLE LIMITED Registered Number 05458059
Notes to the Abbreviated Accounts for the period ended 31 July 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 40% on cost
Computer equipment - 40% on cost
Intangible assets amortisation policy
£ | |
---|---|
Cost | |
At 1 August 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 July 2015 |
|
Amortisation | |
At 1 August 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 July 2015 |
|
Net book values | |
At 31 July 2015 | 50,000 |
At 31 July 2014 | 55,000 |
£ | |
---|---|
Cost | |
At 1 August 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 July 2015 |
|
Depreciation | |
At 1 August 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 July 2015 |
|
Net book values | |
At 31 July 2015 | 47 |
At 31 July 2014 | 547 |