Glenex Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04338545 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

GLENEX LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms J Cooper Hudson

SECRETARY:

Mr B G Hempson

REGISTERED OFFICE:

2 Elm Tree Avenue

Glenfield

LEICESTER

Leicestershire

LE3 8QA

REGISTERED NUMBER:

04338545 (England and Wales)

ACCOUNTANTS:

Kingsmead Accounting Ltd

Chartered Accountants

3 North Street

Oadby

LEICESTER

Leicestershire

LE2 5AH

FIXED ASSETS

Tangible assets

2

326

435

CURRENT ASSETS

Debtors

3,442

12,773

Cash at bank

70,581

54,923

74,023

67,696

CREDITORS

Amounts falling due within one year

46,805

20,765

NET CURRENT ASSETS

27,218

46,931

TOTAL ASSETS LESS CURRENT LIABILITIES

27,544

47,366

PROVISIONS FOR LIABILITIES

65

87

NET ASSETS

27,479

47,279

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

27,379

47,179

SHAREHOLDERS' FUNDS

27,479

47,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 9 March 2016 and were signed by:

Ms J Cooper Hudson - 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.

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 January 2015

and 31 December 2015

3,988

DEPRECIATION

At 1 January 2015

3,553

Charge for year

109

At 31 December 2015

3,662

NET BOOK VALUE

At 31 December 2015

326

At 31 December 2014

435

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100