Abbreviated Company Accounts - GLORILEY LIMITED

Registered Number 01272920

GLORILEY LIMITED

Abbreviated Accounts

30 September 2015

GLORILEY LIMITED Registered Number 01272920

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	59,383	59,766
		59,383	59,766
Current assets
Debtors		28,550	28,550
Cash at bank and in hand		630	3,912
		29,180	32,462
Creditors: amounts falling due within one year		(39,888)	(42,792)
Net current assets (liabilities)		(10,708)	(10,330)
Total assets less current liabilities		48,675	49,436
Total net assets (liabilities)		48,675	49,436
Capital and reserves
Called up share capital		100	100
Revaluation reserve		34,925	34,925
Profit and loss account		13,650	14,411
Shareholders' funds		48,675	49,436

For the year ending 30 September 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 16 June 2016

And signed on their behalf by:
P GILROY, Director

GLORILEY LIMITED Registered Number 01272920

Notes to the Abbreviated Accounts for the period ended 30 September 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 20%

2Tangible fixed assets

	£
Cost
At 1 October 2014	70,775
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	70,775
Depreciation
At 1 October 2014	11,009
Charge for the year	383
On disposals	-
At 30 September 2015	11,392
Net book values
At 30 September 2015	59,383
At 30 September 2014	59,766