Abbreviated Company Accounts - GRID TELECOM NETWORKS LTD

GRID TELECOM NETWORKS LTD - Company Information

07517255 GRID TELECOM NETWORKS LTD 2013-12-31 false 2013-01-01 2013-12-31 true 07517255 2013-01-01 2013-12-31 07517255 2013-12-31 07517255 2012-12-31 07517255 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 07517255 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 07517255

GRID TELECOM NETWORKS LTD

Abbreviated Accounts

31 December 2013

GRID TELECOM NETWORKS LTD Registered Number 07517255

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	187	342
		187	342
Current assets
Debtors		8,000	4,558
Cash at bank and in hand		13,460	25,328
		21,460	29,886
Creditors: amounts falling due within one year		(10,612)	(17,702)
Net current assets (liabilities)		10,848	12,184
Total assets less current liabilities		11,035	12,526
Provisions for liabilities		(37)	(68)
Total net assets (liabilities)		10,998	12,458
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		10,996	12,456
Shareholders' funds		10,998	12,458

For the year ending 31 December 2013 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 September 2014

And signed on their behalf by:
Mr J Burton, Director

GRID TELECOM NETWORKS LTD Registered Number 07517255

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 the total invoice value of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost. Depreciation is provided at rates calculated to write off
the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment- 20% reducing balance
Computer equipment - 33.33% straight line

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date where transactions or events have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more, tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing differences reverse, based on tax rates and laws enacted or substantively
enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 January 2013	519
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	519
Depreciation
At 1 January 2013	177
Charge for the year	155
On disposals	-
At 31 December 2013	332
Net book values
At 31 December 2013	187
At 31 December 2012	342

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

	2013 £	2012 £
2 Ordinary shares of £1 each	2	2