Abbreviated Company Accounts - GRYFFE DEVELOPMENT LIMITED

GRYFFE DEVELOPMENT LIMITED - Company Information

SC123129 GRYFFE DEVELOPMENT LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true SC123129 2014-04-01 2015-03-31 SC123129 2015-03-31 SC123129 2014-03-31 SC123129 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 SC123129 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number SC123129

GRYFFE DEVELOPMENT LIMITED

Abbreviated Accounts

31 March 2015

GRYFFE DEVELOPMENT LIMITED Registered Number SC123129

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,217	1,623
		1,217	1,623
Current assets
Stocks		23,794	23,794
Debtors		20,983	17,646
Cash at bank and in hand		5,439	8,178
		50,216	49,618
Creditors: amounts falling due within one year		(49,931)	(47,830)
Net current assets (liabilities)		285	1,788
Total assets less current liabilities		1,502	3,411
Total net assets (liabilities)		1,502	3,411
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		1,402	3,311
Shareholders' funds		1,502	3,411

For the year ending 31 March 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 30 December 2015

And signed on their behalf by:
W D MARTIN, Director

GRYFFE DEVELOPMENT LIMITED Registered Number SC123129

Notes to the Abbreviated Accounts for the period ended 31 March 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 net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 25% on reducing balance.

Other accounting policies
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 reserved at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 April 2014	12,320
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	12,320
Depreciation
At 1 April 2014	10,697
Charge for the year	406
On disposals	-
At 31 March 2015	11,103
Net book values
At 31 March 2015	1,217
At 31 March 2014	1,623

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100