Abbreviated Company Accounts - GROOVE BULB LIMITED

Abbreviated Company Accounts - GROOVE BULB LIMITED

GROOVE BULB LIMITED - Company Information

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Registered Number 08092670

GROOVE BULB LIMITED

Abbreviated Accounts

30 June 2015

GROOVE BULB LIMITED Registered Number 08092670

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Current assets
Stocks 10,149 18,000
Debtors 4,900 4,900
Cash at bank and in hand 3 -
15,052 22,900
Creditors: amounts falling due within one year (27,918) (27,777)
Net current assets (liabilities) (12,866) (4,877)
Total assets less current liabilities (12,866) (4,877)
Total net assets (liabilities) (12,866) (4,877)
Capital and reserves
Called up share capital 14,865 14,865
Share premium account 164,132 164,132
Profit and loss account (191,863) (183,874)
Shareholders' funds (12,866) (4,877)
  • For the year ending 30 June 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 31 March 2016

And signed on their behalf by:
J Theobald, Director

GROOVE BULB LIMITED Registered Number 08092670

Notes to the Abbreviated Accounts for the period ended 30 June 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 the total invoice value of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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

Contingent liabilities
As of the date approving these accounts there is a notified claim that the company is taking legal advice on.