Abbreviated Company Accounts - G R S GADGETS LIMITED

Abbreviated Company Accounts - G R S GADGETS LIMITED

G R S GADGETS LIMITED - Company Information

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Registered Number SC368090

G R S GADGETS LIMITED

Abbreviated Accounts

30 November 2013

G R S GADGETS LIMITED Registered Number SC368090

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 25,703 14,621
25,703 14,621
Current assets
Stocks 435,463 281,850
Debtors 345,887 126,543
Cash at bank and in hand 109,195 72,464
890,545 480,857
Creditors: amounts falling due within one year (341,048) (121,055)
Net current assets (liabilities) 549,497 359,802
Total assets less current liabilities 575,200 374,423
Creditors: amounts falling due after more than one year (230,801) (268,426)
Total net assets (liabilities) 344,399 105,997
Capital and reserves
Called up share capital 35,000 35,000
Profit and loss account 309,399 70,997
Shareholders' funds 344,399 105,997
  • For the year ending 30 November 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 29 April 2014

And signed on their behalf by:
Zahid Rasul, Director

G R S GADGETS LIMITED Registered Number SC368090

Notes to the Abbreviated Accounts for the period ended 30 November 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.

2Tangible fixed assets
£
Cost
At 1 December 2012 20,266
Additions 17,506
Disposals -
Revaluations -
Transfers -
At 30 November 2013 37,772
Depreciation
At 1 December 2012 5,645
Charge for the year 6,424
On disposals -
At 30 November 2013 12,069
Net book values
At 30 November 2013 25,703
At 30 November 2012 14,621