G D Gray (Joiners & Builders) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC136392 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

G D Gray (Joiners & Builders) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G D Gray

S E Gray

K J Gray

SECRETARY:

Mrs S E Gray

REGISTERED OFFICE:

15/17 High Street

Kingussie

Inverness-shire

PH21 1HS

REGISTERED NUMBER:

SC136392 (Scotland)

ACCOUNTANTS:

Peter Munro & Company

Chartered Certified Accountants

15-17 High Street

Kingussie

Inverness-shire

PH21 1HS

BANKERS:

Bank of Scotland

1 The Square

Grantown on Spey

Morayshire

PH26 3HG

SOLICITORS:

Ledingham Chalmers LLP

Solicitors

Johnstone House

52-54 Rose Street

Aberdeen

AB10 1HA

FIXED ASSETS

Tangible assets

2

22,241

29,386

CURRENT ASSETS

Stocks

1,350

1,200

Debtors and work in progress

14,708

35,243

Investments

49,872

50,785

Cash at bank

13,698

-

79,628

87,228

CREDITORS

Amounts falling due within one year

69,020

68,715

NET CURRENT ASSETS

10,608

18,513

TOTAL ASSETS LESS CURRENT LIABILITIES

32,849

47,899

PROVISIONS FOR LIABILITIES

4,001

5,331

NET ASSETS

28,848

42,568

CAPITAL AND RESERVES

Called up share capital

3

55

3

Profit and loss account

28,793

42,565

SHAREHOLDERS' FUNDS

28,848

42,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 October 2014 and were signed on its behalf by:

G D Gray - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Tools and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

102,924

Additions

769

Disposals

(667

)

At 31 March 2014

103,026

DEPRECIATION

At 1 April 2013

73,538

Charge for year

7,414

Eliminated on disposal

(167

)

At 31 March 2014

80,785

NET BOOK VALUE

At 31 March 2014

22,241

At 31 March 2013

29,386

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

55

Ordinary

£1

55

3

(31.3.13 - 3 )

52 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.