Galardds Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03483408 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Galardds Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Martin Collins

SECRETARY:

Mark Collins

REGISTERED OFFICE:

6 Ilford Close

Ilkeston

Derbyshire

DE7 9HB

REGISTERED NUMBER:

03483408 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

Chartered Accountants

50 Osmaston Road

Derby

DE1 2HU

BANKERS:

The Co-operative Bank

Kings Valley Yew Street

Stockport

Cheshire

SK4 2JU

CURRENT ASSETS

Debtors

14,151

18,852

Cash at bank and in hand

3,864

19,235

18,015

38,087

CREDITORS

Amounts falling due within one year

8,320

7,632

NET CURRENT ASSETS

9,695

30,455

TOTAL ASSETS LESS CURRENT LIABILITIES

9,695

30,455

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

9,693

30,453

SHAREHOLDERS' FUNDS

9,695

30,455

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

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

The director acknowledges his 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 director on 24 November 2015 and were signed by:

Martin Collins - 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).

Turnover

Turnover represents net invoiced sales of services, 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.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

25% on cost

Office equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

12,442

DEPRECIATION

At 1 April 2014

and 31 March 2015

12,442

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 March 2015 and 31 March 2014:

2015

2014

£

£

Martin Collins

Balance outstanding at start of year

1,175

4,414

Amounts advanced

20,185

1,972

Amounts repaid

(15,750

)

(5,211

)

Balance outstanding at end of year

5,610

1,175