Abbreviated Company Accounts - GREY OAK LIMITED

07982804 GREY OAK LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07982804 2015-04-01 2016-03-31 07982804 2016-03-31 07982804 2015-03-31 07982804 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07982804 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07982804

GREY OAK LIMITED

Abbreviated Accounts

31 March 2016

GREY OAK LIMITED Registered Number 07982804

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	41,874
		-	41,874
Current assets
Debtors		60,252	234,844
Cash at bank and in hand		3,386	86,091
		63,638	320,935
Creditors: amounts falling due within one year		(5,083)	(224,473)
Net current assets (liabilities)		58,555	96,462
Total assets less current liabilities		58,555	138,336
Total net assets (liabilities)		58,555	138,336
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		58,455	138,236
Shareholders' funds		58,555	138,336

For the year ending 31 March 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 23 December 2016

And signed on their behalf by:
Mr V Parti, Director

GREY OAK LIMITED Registered Number 07982804

Notes to the Abbreviated Accounts for the period ended 31 March 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 is recognised at the fair value of the consideration received or receivable for goods and services
provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair
value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration
is the present value of the future receipts. The difference between the fair value of the consideration and
the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be
measured reliably, it is probable that the economic benefits associated with the transaction will flow to the
entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage
of completion when the stage of completion, costs incurred and costs to complete can be estimated
reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual
hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated
reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible assets depreciation policy
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:
Fixtures, fittings & equipment 25% reducing balance
Computer equipment 25% reducing balance
Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss .

2Tangible fixed assets

	£
Cost
At 1 April 2015	67,397
Additions	-
Disposals	(67,397)
Revaluations	-
Transfers	-
At 31 March 2016	0
Depreciation
At 1 April 2015	25,523
Charge for the year	12,221
On disposals	(37,744)
At 31 March 2016	0
Net book values
At 31 March 2016	0
At 31 March 2015	41,874

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100