Graybill Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05151983 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2015

for

Graybill Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

RH Hill

SECRETARY:

Mrs RJ Hill

REGISTERED OFFICE:

55 Kentish Town Road

Camden Town

London

NW1 8NX

REGISTERED NUMBER:

05151983 (England and Wales)

ACCOUNTANTS:

Mansfield & Co

55 Kentish Town Road

Camden Town

London

NW1 8NX

FIXED ASSETS

Tangible assets

2

814

1,085

CURRENT ASSETS

Debtors

28,073

27,634

Cash at bank

884

5,063

28,957

32,697

CREDITORS

Amounts falling due within one year

29,654

33,653

NET CURRENT LIABILITIES

(697

)

(956

)

TOTAL ASSETS LESS CURRENT LIABILITIES

117

129

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

115

127

SHAREHOLDERS' FUNDS

117

129

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 29 January 2016 and were signed by:

RH Hill - 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 etc

-

25% on reducing balance

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

5,911

DEPRECIATION

At 1 April 2014

4,826

Charge for year

271

At 31 March 2015

5,097

NET BOOK VALUE

At 31 March 2015

814

At 31 March 2014

1,085

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Other debtors includes unsecured loans of £3,876 each to RH Hill who is a director of the company and RJ Hill

who is a shareholder of the company and connected to RH Hill. The loans were repaid on 30 September 2015.