GLA1234 Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05874658 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JANUARY 2016

FOR

GLA1234 LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Bhatia

REGISTERED OFFICE:

Mulbery House

2 Prestbury Road

Wilmslow

Cheshire

SK9 2LJ

REGISTERED NUMBER:

05874658 (England and Wales)

ACCOUNTANTS:

DBF Associates

Chartered Accountants

South Cheetham B C

10 Park Place

Manchester

Lancashire

M4 4EY

FIXED ASSETS

Tangible assets

2

-

60,922

CURRENT ASSETS

Stocks

-

42,225

Debtors

-

59,967

Cash at bank and in hand

1,000

58,863

1,000

161,055

CREDITORS

Amounts falling due within one year

200

98,282

NET CURRENT ASSETS

800

62,773

TOTAL ASSETS LESS CURRENT
LIABILITIES

800

123,695

CAPITAL AND RESERVES

Called up share capital

3

300

Other reserves

(234,545

)

(234,545

)

Profit and loss account

235,045

357,940

SHAREHOLDERS' FUNDS

800

123,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24th January 2017 and were signed by:

K Bhatia - 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 January 2015).

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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost and at varying rates 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2015

91,507

Disposals

(91,507

)

At 31st January 2016

-

DEPRECIATION

At 1st February 2015

30,585

Eliminated on disposal

(30,585

)

At 31st January 2016

-

NET BOOK VALUE

At 31st January 2016

-

At 31st January 2015

60,922

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

150

Ordinary A Shares

£1

150

Ordinary B Shares

£1

150

300