Gleneagles Project Services Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05871949 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

GLENEAGLES PROJECT SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A J Murray

SECRETARY:

Mrs V Murray

REGISTERED OFFICE:

2 Greaves House Lane

Lepton

Huddersfield

West Yorkshire

HD8 0DJ

REGISTERED NUMBER:

05871949 (England and Wales)

ACCOUNTANTS:

Wentworths & Associates Limited

White Hart House

Silwood Road

Ascot

Berkshire

SL5 0PY

FIXED ASSETS

Tangible assets

2

35,601

31,002

CURRENT ASSETS

Debtors

267,143

209,933

Cash at bank and in hand

704,792

379,667

971,935

589,600

CREDITORS

Amounts falling due within one year

348,022

206,671

NET CURRENT ASSETS

623,913

382,929

TOTAL ASSETS LESS CURRENT LIABILITIES

659,514

413,931

PROVISIONS FOR LIABILITIES

6,431

5,360

NET ASSETS

653,083

408,571

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

652,983

408,471

SHAREHOLDERS' FUNDS

653,083

408,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 5 September 2014 and were signed by:

A J Murray - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Revenue

Revenue, described as turnover, is the value of work (net of value added tax) performed during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

65,024

Additions

24,128

Disposals

(6,919

)

At 31 December 2013

82,233

DEPRECIATION

At 1 January 2013

34,022

Charge for year

19,529

Eliminated on disposal

(6,919

)

At 31 December 2013

46,632

NET BOOK VALUE

At 31 December 2013

35,601

At 31 December 2012

31,002

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE CONTROLLING PARTY

The controlling party is A J Murray.