Abbreviated Company Accounts - FRANK GALLAGHER & SONS LIMITED

FRANK GALLAGHER & SONS LIMITED - Company Information

NI064851 FRANK GALLAGHER & SONS LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true NI064851 2014-06-01 2015-05-31 NI064851 2015-05-31 NI064851 2014-05-31 NI064851 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 NI064851 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number NI064851

FRANK GALLAGHER & SONS LIMITED

Abbreviated Accounts

31 May 2015

FRANK GALLAGHER & SONS LIMITED Registered Number NI064851

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	19,203	9,315
		19,203	9,315
Current assets
Stocks		1,250	1,250
Debtors		7,054	-
Cash at bank and in hand		2,789	16,068
		11,093	17,318
Creditors: amounts falling due within one year		(34,497)	(58,734)
Net current assets (liabilities)		(23,404)	(41,416)
Total assets less current liabilities		(4,201)	(32,101)
Total net assets (liabilities)		(4,201)	(32,101)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(4,203)	(32,103)
Shareholders' funds		(4,201)	(32,101)

For the year ending 31 May 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 24 February 2016

And signed on their behalf by:
Cahal Gallagher, Director
Kieran Gallagher, Director

FRANK GALLAGHER & SONS LIMITED Registered Number NI064851

Notes to the Abbreviated Accounts for the period ended 31 May 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 comprises the invoice value of goods supplied by the company, exclusive of VAT and trade discounts.

Tangible assets depreciation policy
Assets are stated at cost less accumulated depreciation. Depreciation is charged at the following annual rates:
Plant & Machinery - 15% Straight Line
Fixtures, Fittings and Equipment - 15% Straight Line
Motor Vehicles - 25% Straight Line

2Tangible fixed assets

	£
Cost
At 1 June 2014	151,228
Additions	12,000
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	163,228
Depreciation
At 1 June 2014	141,913
Charge for the year	2,112
On disposals	-
At 31 May 2015	144,025
Net book values
At 31 May 2015	19,203
At 31 May 2014	9,315

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

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2