GLANLLYN_LIMITED - Accounts

GLANLLYN LIMITED - Company Information

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Company Registration No. 06085015 (England and Wales)

GLANLLYN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

GLANLLYN LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

GLANLLYN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

1,840

3,680

Tangible assets

108,131

102,485

109,971

106,165

Current assets

Stocks

5,725

5,707

Debtors

5,025

8,225

Cash at bank and in hand

193,704

212,621

204,454

226,553

Creditors: amounts falling due within one year

(113,851)

(98,620)

Net current assets

90,603

127,933

Total assets less current liabilities

200,574

234,098

Provisions for liabilities

(13,058)

(16,328)

187,516

217,770

Capital and reserves

Called up share capital

Profit and loss account

187,514

217,768

Shareholders' funds

187,516

217,770

GLANLLYN LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

28 FEBRUARY 2016

- 2 -

For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 September 2016

Mr E T Pugh

Mrs M W Pugh

Director

Company Registration No. 06085015

GLANLLYN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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

Caravan site plant and machinery

15% Reducing balance

Computer equipment

1/3 Straight line

Plant and machinery spare 1

Plant and machinery spare 2

Plant and machinery spare 3

Fixtures, fittings & furinture

15% Reducing balance

Caravan site van

25% Reducing balance

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

GLANLLYN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 March 2015

18,400

139,934

158,334

Additions

7,890

Disposals

(7,250)

At 28 February 2016

18,400

140,574

158,974

Depreciation

At 1 March 2015

14,720

58,292

73,012

On disposals

(3,172)

Charge for the year

1,840

20,165

22,005

At 28 February 2016

16,560

75,285

91,845

Net book value

At 28 February 2016

1,840

65,289

67,129

At 28 February 2015

3,680

81,642

85,322

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary of £1 each