Abbreviated Company Accounts - THE APPLEYARD GALLERY LIMITED

THE APPLEYARD GALLERY LIMITED - Company Information

05425604 THE APPLEYARD GALLERY LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 05425604 2013-01-01 2013-12-31 05425604 2013-12-31 05425604 2012-12-31 05425604 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 05425604 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director3 2012-12-31 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 05425604

THE APPLEYARD GALLERY LIMITED

Abbreviated Accounts

31 December 2013

THE APPLEYARD GALLERY LIMITED Registered Number 05425604

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	19,982	21,537
Tangible assets	3	39,134	42,684
		59,116	64,221
Current assets
Stocks		47,323	34,824
Cash at bank and in hand		7,643	12,000
		54,966	46,824
Prepayments and accrued income		3,422	7,383
Creditors: amounts falling due within one year		(30,607)	(46,301)
Net current assets (liabilities)		27,781	7,906
Total assets less current liabilities		86,897	72,127
Creditors: amounts falling due after more than one year		(32,417)	(28,762)
Provisions for liabilities		(4,272)	(4,186)
Total net assets (liabilities)		50,208	39,179
Capital and reserves
Called up share capital	4	15,000	15,000
Profit and loss account		35,208	24,179
Shareholders' funds		50,208	39,179

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 27 September 2014

And signed on their behalf by:
Susannah J Thompson, Director

THE APPLEYARD GALLERY LIMITED Registered Number 05425604

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 completed sales to customers during the year, net of value added tax

Tangible assets depreciation policy
Tangible assets are depreciated on a straight line basis over the effective useful life of the various assets.

Intangible assets amortisation policy
Intangible assets, representing the initial set up costs of the business, are being amortised on a straight line basis over 17.5 years.

2Intangible fixed assets

	£
Cost
At 1 January 2013	27,314
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	27,314
Amortisation
At 1 January 2013	5,777
Charge for the year	1,555
On disposals	-
At 31 December 2013	7,332
Net book values
At 31 December 2013	19,982
At 31 December 2012	21,537

3Tangible fixed assets

	£
Cost
At 1 January 2013	59,419
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	59,419
Depreciation
At 1 January 2013	16,735
Charge for the year	3,550
On disposals	-
At 31 December 2013	20,285
Net book values
At 31 December 2013	39,134
At 31 December 2012	42,684

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
15,000 Ordinary shares of £1 each	15,000	15,000

5Transactions with directors

Name of director receiving advance or credit:	Mrs S J Thompson
Description of the transaction:	Loan
Balance at 1 January 2013:	£ 28,762
Advances or credits made:	£ 3,655
Advances or credits repaid:	-
Balance at 31 December 2013:	£ 32,417

The loan from the director is interest free and has no fixed repayment terms.