Company Registration No. SC482660 (Scotland)
GRAY WOLF MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
GRAY WOLF MANAGEMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
GRAY WOLF MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
44,100
-
Cash at bank and in hand
59,773
4,859
103,873
4,859
Creditors: amounts falling due within one year
(27,981)
(7,620)
Total assets less current liabilities
75,892
(2,761)
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
75,792
(2,861)
Shareholders' funds
75,892
(2,761)
For the financial year ended 31 March 2016 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 and authorised for issue on 2 June 2016
Mr R H Close
Director
Company Registration No. SC482660
GRAY WOLF MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008). and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
98 Ordinary A of £1 each
98
98
1 Ordinary B of £1 each
1
1
1 Ordinary C of £1 each
1
1
100
100
3
Related party relationships and transactions
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Loan - R H Close
-
6,900
18,051
-
43,611
(18,660)
6,900
18,051
-
43,611
(18,660)
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