Abbreviated Company Accounts - GT INNS LTD

Registered Number NI052106

GT INNS LTD

Abbreviated Accounts

30 November 2015

GT INNS LTD Registered Number NI052106

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,493	1,866
		1,493	1,866
Current assets
Stocks		3,975	3,175
Cash at bank and in hand		75,948	100,968
		79,923	104,143
Prepayments and accrued income		4,500	-
Creditors: amounts falling due within one year		(44,942)	(45,237)
Net current assets (liabilities)		39,481	58,906
Total assets less current liabilities		40,974	60,772
Provisions for liabilities		(203)	(255)
Total net assets (liabilities)		40,771	60,517
Capital and reserves
Called up share capital		101	100
Profit and loss account		40,670	60,417
Shareholders' funds		40,771	60,517

For the year ending 30 November 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 26 August 2016

And signed on their behalf by:
George Tohill, Director

GT INNS LTD Registered Number NI052106

Notes to the Abbreviated Accounts for the period ended 30 November 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 the total receipts, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 December 2014	7,492
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	7,492
Depreciation
At 1 December 2014	5,626
Charge for the year	373
On disposals	-
At 30 November 2015	5,999
Net book values
At 30 November 2015	1,493
At 30 November 2014	1,866