Grace MMXIII Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08932040 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 11 March 2014 to 31 December 2014

for

Grace MMXIII Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTORS:

M D Clark

S O A Engelbert

J B Grede

E J Torstensson

F Unkan Haiman

REGISTERED OFFICE:

Biscuit Building

10 Redchurch Street

London

E2 7DD

REGISTERED NUMBER:

08932040 (England and Wales)

ACCOUNTANTS:

Keep Easy Accounting Ltd

66 Wheatley Road

Welwyn Garden City

Hertfordshire

AL7 3LQ

FIXED ASSETS

Intangible assets

2

18,354

Tangible assets

3

7,689

26,043

CURRENT ASSETS

Stocks

69,627

Debtors

16,444

Cash at bank

120,678

206,749

CREDITORS

Amounts falling due within one year

224,669

NET CURRENT LIABILITIES

(17,920

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,123

CAPITAL AND RESERVES

Called up share capital

4

2,000

Share premium

306,298

Profit and loss account

(300,175

)

SHAREHOLDER FUNDS

8,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 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 3 December 2015 and were signed on its behalf by:

F Unkan Haiman - Director

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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.

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

18,354

At 31 December 2014

18,354

NET BOOK VALUE

At 31 December 2014

18,354

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

8,885

At 31 December 2014

8,885

DEPRECIATION

Charge for period

1,196

At 31 December 2014

1,196

NET BOOK VALUE

At 31 December 2014

7,689

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2,000

Ordinary

0.1

2,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 31 December 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Keep Easy Accounting Ltd

66 Wheatley Road

Welwyn Garden City

Hertfordshire

AL7 3LQ

3 December 2015