Abbreviated Company Accounts - GRANITE DIRECT LIMITED

GRANITE DIRECT LIMITED - Company Information

Registered Number 06068399

GRANITE DIRECT LIMITED

Abbreviated Accounts

31 January 2016

GRANITE DIRECT LIMITED Registered Number 06068399

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	165,227	122,081
		165,227	122,081
Current assets
Stocks		2,000	18,000
Debtors		25,646	52,681
Cash at bank and in hand		177,652	196,596
		205,298	267,277
Creditors: amounts falling due within one year		(134,951)	(161,646)
Net current assets (liabilities)		70,347	105,631
Total assets less current liabilities		235,574	227,712
Creditors: amounts falling due after more than one year		(30,573)	(51,063)
Total net assets (liabilities)		205,001	176,649
Capital and reserves
Called up share capital		2	2
Profit and loss account		204,999	176,647
Shareholders' funds		205,001	176,649

For the year ending 31 January 2016 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 18 October 2016

And signed on their behalf by:
Mr Errol Taylor, Director

GRANITE DIRECT LIMITED Registered Number 06068399

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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

Tangible assets depreciation policy
Land and buildings leasehold Over the live of the lease
Plant and machinery 25% on reducing balance
Fixtures, fittings & equipment 25% on reducing balance
Motor vehicles 25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 February 2015	309,204
Additions	100,277
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	409,481
Depreciation
At 1 February 2015	187,123
Charge for the year	57,131
On disposals	-
At 31 January 2016	244,254
Net book values
At 31 January 2016	165,227
At 31 January 2015	122,081