Abbreviated Company Accounts - GRATIS (DUNDEE) LIMITED

GRATIS (DUNDEE) LIMITED - Company Information

SC173992 GRATIS (DUNDEE) LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true SC173992 2013-05-01 2014-04-30 SC173992 2014-04-30 SC173992 2013-04-30 SC173992 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 SC173992 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:Director3 2013-04-30 iso4217:GBP shares

Registered Number SC173992

GRATIS (DUNDEE) LIMITED

Abbreviated Accounts

30 April 2014

GRATIS (DUNDEE) LIMITED Registered Number SC173992

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	32,200	33,175
		32,200	33,175
Current assets
Debtors		340	-
Cash at bank and in hand		83	9
		423	9
Creditors: amounts falling due within one year		(7,849)	(9,713)
Net current assets (liabilities)		(7,426)	(9,704)
Total assets less current liabilities		24,774	23,471
Total net assets (liabilities)		24,774	23,471
Capital and reserves
Called up share capital		100	100
Revaluation reserve		15,691	16,166
Profit and loss account		8,983	7,205
Shareholders' funds		24,774	23,471

For the year ending 30 April 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 26 August 2014

And signed on their behalf by:
Mrs M E Comerford, Director

GRATIS (DUNDEE) LIMITED Registered Number SC173992

Notes to the Abbreviated Accounts for the period ended 30 April 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.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost or revaluation of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Freehold Property - 2% Straight Line

An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

2Tangible fixed assets

	£
Cost
At 1 May 2013	44,330
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	44,330
Depreciation
At 1 May 2013	11,155
Charge for the year	975
On disposals	-
At 30 April 2014	12,130
Net book values
At 30 April 2014	32,200
At 30 April 2013	33,175

The company's investment property was valued on an open market basis during the year to 30 April 2006 by the director. In the opinion of the director the value has not altered materially during this year.

In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as follows:

Net book value at end of year £32,200 (2013 - £33,175)
Historical cost £26,264 (2013 - £26,264)

3Transactions with directors

Name of director receiving advance or credit:	Mrs M E Comerford
Description of the transaction:	Loan to company
Balance at 1 May 2013:	£ 9,154
Advances or credits made:	-
Advances or credits repaid:	£ 2,059
Balance at 30 April 2014:	£ 7,095

The company was under the control of Mrs M E Comerford throughout the current and previous year.