Graham Sherling & Co Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07110953 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

GRAHAM SHERLING & CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G C Sherling

SECRETARY:

Mrs B S Sherling

REGISTERED OFFICE:

36 The Avenue

Hatch End

Middlesex

HA5 4EY

REGISTERED NUMBER:

07110953 (England and Wales)

ACCOUNTANTS:

Graham Sherling and Co

36 The Avenue

Hatch End

Middlesex

HA5 4EY

FIXED ASSETS

Intangible assets

2

24,167

53,167

Tangible assets

3

280

614

24,447

53,781

CURRENT ASSETS

Stocks

4,500

4,900

Debtors

7,010

19,390

Cash at bank

65,308

25,572

76,818

49,862

CREDITORS

Amounts falling due within one year

44,917

49,099

NET CURRENT ASSETS

31,901

763

TOTAL ASSETS LESS CURRENT LIABILITIES

56,348

54,544

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

56,248

54,444

SHAREHOLDERS' FUNDS

56,348

54,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 24 September 2014 and were signed by:

G C Sherling - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings - 20% straight line

Stocks

Work in progress is valued at selling price.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

145,000

AMORTISATION

At 1 April 2013

91,833

Amortisation for year

29,000

At 31 March 2014

120,833

NET BOOK VALUE

At 31 March 2014

24,167

At 31 March 2013

53,167

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

1,672

DEPRECIATION

At 1 April 2013

1,058

Charge for year

334

At 31 March 2014

1,392

NET BOOK VALUE

At 31 March 2014

280

At 31 March 2013

614

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

55

Ordinary

£1

55

55

45

A Ordinary

£1

45

45

100

100