Glasskote UK Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04539909 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2015

for

Glasskote UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

A Vasiljevic

R A McCreery

SECRETARY:

I French

REGISTERED OFFICE:

Regency House

61a Walton Street

Walton on the Hill

Surrey

KT20 7RZ

REGISTERED NUMBER:

04539909 (England and Wales)

ACCOUNTANTS:

DNA Accountants Limited

Regency House

61a Walton Street

Walton-on-the-Hill

Surrey

KT20 7RZ

FIXED ASSETS

Tangible assets

2

11,844

15,792

CURRENT ASSETS

Debtors

2,475

8,985

Cash at bank

522

1,323

2,997

10,308

CREDITORS

Amounts falling due within one year

101,844

117,024

NET CURRENT LIABILITIES

(98,847

)

(106,716

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(87,003

)

(90,924

)

CAPITAL AND RESERVES

Called up share capital

3

1

Other reserves

250,000

Profit and loss account

(337,004

)

(340,925

)

SHAREHOLDERS' FUNDS

(87,003

)

(90,924

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26 May 2016 and were signed on its behalf by:

R A McCreery - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company is in the start up phase of its life and income has been insufficient to cover its costs. The company

operates with the financial support of its shareholder and bankers and the accounts have therefore been prepared

on a going concern basis.

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 January 2015).

Turnover

Turnover represents net invoiced sales of services, 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

90,768

DEPRECIATION

At 1 October 2014

74,976

Charge for year

3,948

At 30 September 2015

78,924

NET BOOK VALUE

At 30 September 2015

11,844

At 30 September 2014

15,792

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

1

Ordinary

1

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

n order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

accounts of Glasskote UK Limited for the year ended 30 September 2015 from the information and explanations given

to us.

As a practising member firm of the Association of Chartered Certified Accountants we are subject to its ethical and other

professional requirements which are detailed at www.accaglobal.com.

This report is made solely to the Board of Directors of Glasskote UK Limited, as a body, in accordance with the terms of

our engagement letter dated 8 January 2010. Our work has been undertaken solely to prepare for your approval the

accounts of Glasskote UK Limited and state those matters that we have agreed to state to the Board of Directors of

Glasskote UK Limited, as a body, in this report in accordance with the requirements of the Association of Chartered

Certified Accountants as detailed at www.accaglobal.com. To the fullest extent permitted by law, we do not accept or

assume responsibility to anyone other than Glasskote UK Limited and its Board of Directors as a body for our work or

for this report.

It is your duty to ensure that Glasskote UK Limited has kept adequate accounting records and to prepare statutory

accounts that give a true and fair view of the assets, liabilities, financial position and profit of Glasskote UK Limited.

You consider that Glasskote Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Glasskote Limited. For this reason, we

have not verified the accuracy or completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the statutory accounts.

DNA Accountants Limited

Regency House

61a Walton Street

Walton-on-the-Hill

Surrey

KT20 7RZ

26 May 2016