Abbreviated Company Accounts - GALLEON DEVELOPMENTS LIMITED

Abbreviated Company Accounts - GALLEON DEVELOPMENTS LIMITED

GALLEON DEVELOPMENTS LIMITED - Company Information

Print Friendly Version

Registered Number SC181062

GALLEON DEVELOPMENTS LIMITED

Abbreviated Accounts

31 March 2016

GALLEON DEVELOPMENTS LIMITED Registered Number SC181062

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,200 1,600
1,200 1,600
Current assets
Debtors - 6,230
Cash at bank and in hand 38,416 35,820
38,416 42,050
Creditors: amounts falling due within one year (18,248) (21,380)
Net current assets (liabilities) 20,168 20,670
Total assets less current liabilities 21,368 22,270
Total net assets (liabilities) 21,368 22,270
Capital and reserves
Called up share capital 2 2
Profit and loss account 21,366 22,268
Shareholders' funds 21,368 22,270
  • 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 22 December 2016

And signed on their behalf by:
Martin Campbell, Director

GALLEON DEVELOPMENTS LIMITED Registered Number SC181062

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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.


Equipment..............................................25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 9,532
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 9,532
Depreciation
At 1 April 2015 7,932
Charge for the year 400
On disposals -
At 31 March 2016 8,332
Net book values
At 31 March 2016 1,200
At 31 March 2015 1,600