GREGTONS_CONFECTIONERY_LI - Accounts

GREGTONS CONFECTIONERY LIMITED - Company Information

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Company Registration No. 04280063 (England and Wales)

GREGTONS CONFECTIONERY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

GREGTONS CONFECTIONERY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GREGTONS CONFECTIONERY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

7,561

8,895

Current assets

Stocks

25,000

22,000

Debtors

7,288

6,735

Cash at bank and in hand

2,836

5,204

35,124

33,939

Creditors: amounts falling due within one year

(32,252)

(25,536)

Net current assets

2,872

8,403

Total assets less current liabilities

10,433

17,298

Provisions for liabilities

(1,512)

(1,779)

8,921

15,519

Capital and reserves

Called up share capital

100

Profit and loss account

8,821

15,419

Shareholders' funds

8,921

15,519

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 November 2015

Mr R Cawley

Director

Company Registration No. 04280063

GREGTONS CONFECTIONERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15 percent reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 July 2014

Additions

10,465

At 30 June 2015

10,465

Depreciation

At 1 July 2014

1,570

Charge for the year

1,334

At 30 June 2015

2,904

Net book value

At 30 June 2015

7,561

At 30 June 2014

8,895

GREGTONS CONFECTIONERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100