Abbreviated Company Accounts - GMR DESIGN UK LTD

07001550 GMR DESIGN UK LTD 2014-08-31 false 2013-09-01 2014-08-31 true 07001550 2013-09-01 2014-08-31 07001550 2014-08-31 07001550 2013-08-31 07001550 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 07001550 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 07001550

GMR DESIGN UK LTD

Abbreviated Accounts

31 August 2014

GMR DESIGN UK LTD Registered Number 07001550

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	147,195	107,007
Tangible assets	3	3,320	-
		150,515	107,007
Current assets
Debtors		69	-
Cash at bank and in hand		7,558	10,685
		7,627	10,685
Net current assets (liabilities)		7,627	10,685
Total assets less current liabilities		158,142	117,692
Creditors: amounts falling due after more than one year		(204,767)	(168,370)
Total net assets (liabilities)		(46,625)	(50,678)
Capital and reserves
Called up share capital	4	300	300
Profit and loss account		(46,925)	(50,978)
Shareholders' funds		(46,625)	(50,678)

For the year ending 31 August 2014 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 23 September 2014

And signed on their behalf by:
Mr G Heane, Director

GMR DESIGN UK LTD Registered Number 07001550

Notes to the Abbreviated Accounts for the period ended 31 August 2014

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
All sales were within the United Kingdom.

Tangible assets depreciation policy
Tangible fixed assets are amortised at rates calculated to write off the asset over its estimated useful life.

Intangible assets amortisation policy
Intangible fixed assets are amortised at rates calculated to write off the assets over their estimated useful economic lives. The directors have assessed the expenditure and believe with reasonable certainty that the project is technically feasible and commercially viable. Amortisation shall commence with the commercial production of the product.

Other accounting policies
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company twelve months from the date of signing these accounts. On this basis the directors consider it appropriate to prepare the accounts on a going concern basis.

2Intangible fixed assets

	£
Cost
At 1 September 2013	107,007
Additions	40,188
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	147,195
Amortisation
At 1 September 2013	-
Charge for the year	-
On disposals	-
At 31 August 2014	-
Net book values
At 31 August 2014	147,195
At 31 August 2013	107,007

3Tangible fixed assets

	£
Cost
At 1 September 2013	0
Additions	3,500
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	3,500
Depreciation
At 1 September 2013	-
Charge for the year	180
On disposals	-
At 31 August 2014	180
Net book values
At 31 August 2014	3,320
At 31 August 2013	0

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

	2014 £	2013 £
300 Ordinary shares of £1 each	300	300