Abbreviated Company Accounts - GRAHAMS CORIAN SPECIALISTS LIMITED

Abbreviated Company Accounts - GRAHAMS CORIAN SPECIALISTS LIMITED

GRAHAMS CORIAN SPECIALISTS LIMITED - Company Information

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Registered Number 06513660

GRAHAMS CORIAN SPECIALISTS LIMITED

Abbreviated Accounts

28 February 2014

GRAHAMS CORIAN SPECIALISTS LIMITED Registered Number 06513660

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 24,111 27,393
24,111 27,393
Current assets
Stocks 14,000 16,000
Debtors 85,576 105,866
Cash at bank and in hand 10,967 -
110,543 121,866
Creditors: amounts falling due within one year (64,729) (76,945)
Net current assets (liabilities) 45,814 44,921
Total assets less current liabilities 69,925 72,314
Creditors: amounts falling due after more than one year (4,356) (7,713)
Total net assets (liabilities) 65,569 64,601
Capital and reserves
Called up share capital 1 1
Profit and loss account 65,568 64,600
Shareholders' funds 65,569 64,601
  • For the year ending 28 February 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 8 October 2014

And signed on their behalf by:
Mr K Graham, Director

GRAHAMS CORIAN SPECIALISTS LIMITED Registered Number 06513660

Notes to the Abbreviated Accounts for the period ended 28 February 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.

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery -25% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 March 2013 59,295
Additions 14,102
Disposals (16,046)
Revaluations -
Transfers -
At 28 February 2014 57,351
Depreciation
At 1 March 2013 31,902
Charge for the year 7,922
On disposals (6,584)
At 28 February 2014 33,240
Net book values
At 28 February 2014 24,111
At 28 February 2013 27,393