G&L_INVESTMENT_LIMITED - Accounts

G&L INVESTMENT LTD - Company Information

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Company Registration No. 08760543 (England and Wales)

G&L INVESTMENT LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

G&L INVESTMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

G&L INVESTMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

3,846,956

1,570,111

Debtors

139,243

26,830

Cash at bank and in hand

12,896

809,567

3,999,095

2,406,508

Creditors: amounts falling due within one year

(4,004,792)

(2,404,275)

Total assets less current liabilities

(5,697)

2,233

Capital and reserves

Called up share capital

Profit and loss account

(5,699)

2,231

Shareholders' funds

(5,697)

2,233

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

Director's 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 director acknowledges his 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 12 May 2016

Mr J Guan

Director

Company Registration No. 08760543

G&L INVESTMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 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).

The directors have considered the current and future trading position of the company and given the financial forecasts together with the continued support of its related parties believe that the going concern basis is appropriate.

1.2

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.

1.3

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Ultimate parent company

The ultimate parent company is Guan and Leung Holdings Limited, a company registered in England and Wales.