Abbreviated Company Accounts - GREEN MEADOW FURNITURE LIMITED

GREEN MEADOW FURNITURE LIMITED - Company Information

Registered Number 05253254

GREEN MEADOW FURNITURE LIMITED

Abbreviated Accounts

31 December 2015

GREEN MEADOW FURNITURE LIMITED Registered Number 05253254

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	34,568	20,817
		34,568	20,817
Current assets
Stocks		39,500	43,118
Debtors		30,976	29,582
Cash at bank and in hand		31,655	16,798
		102,131	89,498
Creditors: amounts falling due within one year		(40,979)	(37,405)
Net current assets (liabilities)		61,152	52,093
Total assets less current liabilities		95,720	72,910
Creditors: amounts falling due after more than one year		(75,000)	(72,500)
Total net assets (liabilities)		20,720	410
Capital and reserves
Called up share capital		1	1
Profit and loss account		20,719	409
Shareholders' funds		20,720	410

For the year ending 31 December 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 22 September 2016

And signed on their behalf by:
T C Elliott, Director

GREEN MEADOW FURNITURE LIMITED Registered Number 05253254

Notes to the Abbreviated Accounts for the period ended 31 December 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, which is stated net of value added tax, represents amounts invoiced to third parties. Turnover is wholly attributable to the company’s principal business activity, entirely within the United Kingdom.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value based on prices prevailing at the date of acquisition, of each asset over its expected useful life as follows:

Office equipment - 25% reducing balance
Fixtures and fittings - 33% reducing balance
Motor Vehicles - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2015	79,236
Additions	25,513
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	104,749
Depreciation
At 1 January 2015	58,419
Charge for the year	11,762
On disposals	-
At 31 December 2015	70,181
Net book values
At 31 December 2015	34,568
At 31 December 2014	20,817