Abbreviated Company Accounts - GYL LIMITED

Registered Number 06585490

GYL LIMITED

Abbreviated Accounts

31 May 2015

GYL LIMITED Registered Number 06585490

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	-	-
Investments		-	-
		-	-
Current assets
Stocks		-	-
Debtors		945	10,545
Cash at bank and in hand		115,017	89,059
		115,962	99,604
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(41,121)	(33,756)
Net current assets (liabilities)		74,841	65,848
Total assets less current liabilities		74,841	65,848
Creditors: amounts falling due after more than one year		(500)	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		74,341	65,848
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		73,341	64,848
Shareholders' funds		74,341	65,848

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 26 February 2016

And signed on their behalf by:
Leonia Crozier, Director

GYL LIMITED Registered Number 06585490

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 represents net invoiced sales of goods, excluding value added tax.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2Tangible fixed assets

	£
Cost
At 1 June 2014	1,562
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 May 2015	1,562
Depreciation
At 1 June 2014	1,562
Charge for the year	0
On disposals	0
At 31 May 2015	1,562
Net book values
At 31 May 2015	0
At 31 May 2014	0