Greenmanislington Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07942131 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Greenmanislington Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Certified Accountants' Report

5

DIRECTOR:

Mr Dean Alexander Donaghey

REGISTERED OFFICE:

144a Essex Road

Islington

London

N1 8LX

REGISTERED NUMBER:

07942131 (England and Wales)

ACCOUNTANTS:

Accounting Direct Plus Limited

Chartered Certified Accountants

& Business Advisers

Ernest House

293 Green Lanes

Palmers Green

London

N13 4XS

FIXED ASSETS

Tangible assets

2

846

578

CURRENT ASSETS

Stocks

6,145

5,369

Debtors

12,500

19,636

Cash at bank and in hand

1,791

1,929

20,436

26,934

CREDITORS

Amounts falling due within one year

19,998

24,404

NET CURRENT ASSETS

438

2,530

TOTAL ASSETS LESS CURRENT LIABILITIES

1,284

3,108

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

1,283

3,107

SHAREHOLDERS' FUNDS

1,284

3,108

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 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 27 January 2016 and were signed by:

Mr Dean Alexander Donaghey - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is

appropriate because there are no material uncertainties related to events or conditions that may cast significant

doubt about the ability of the company to continue as a going concern.

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.

Plant and machinery

-

25% on reducing balance

Stocks

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

moving items.

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

1,096

Additions

550

At 31 May 2015

1,646

DEPRECIATION

At 1 June 2014

518

Charge for year

282

At 31 May 2015

800

NET BOOK VALUE

At 31 May 2015

846

At 31 May 2014

578

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

1

ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2015 and

31 May 2014:

31.5.15

31.5.14

£

£

Mr Dean Alexander Donaghey

Balance outstanding at start of year

-

-

Amounts advanced

2,000

-

Amounts repaid

-

-

Balance outstanding at end of year

2,000

-

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .

6.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the director 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Greenmanislington Ltd for the year ended 31 May 2015 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Greenmanislington Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Greenmanislington Ltd and state those matters that we have agreed to state to the director of Greenmanislington Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Greenmanislington Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Greenmanislington Ltd. You consider that Greenmanislington Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Greenmanislington Ltd. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Accounting Direct Plus Limited

Chartered Certified Accountants

& Business Advisers

Ernest House

293 Green Lanes

Palmers Green

London

N13 4XS

Date: .............................................