Abbreviated Company Accounts - 1GU LTD

08077107 1GU LTD 2014-01-31 false 2013-08-01 2014-01-31 true 08077107 2013-08-01 2014-01-31 08077107 2014-01-31 08077107 2013-07-31 08077107 uk-gaap-cd-bus:Director1 2013-08-01 2014-01-31 08077107 uk-gaap-cd-bus:Director2 2013-08-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 08077107

1GU LTD

Abbreviated Accounts

31 January 2014

1GU LTD Registered Number 08077107

Abbreviated Balance Sheet as at 31 January 2014

	Notes	31/01/2014	31/07/2013
		£	£
Fixed assets
Tangible assets	2	70,860	73,281
		70,860	73,281
Current assets
Stocks		3,000	2,990
Debtors		6,789	2,465
Cash at bank and in hand		27,577	17,254
		37,366	22,709
Creditors: amounts falling due within one year		(64,302)	(60,409)
Net current assets (liabilities)		(26,936)	(37,700)
Total assets less current liabilities		43,924	35,581
Creditors: amounts falling due after more than one year		(25,833)	(30,833)
Provisions for liabilities		(3,871)	(1,212)
Total net assets (liabilities)		14,220	3,536
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		14,120	3,436
Shareholders' funds		14,220	3,536

For the year ending 31 January 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 21 October 2014

And signed on their behalf by:
Mrs Gita Patel, Director

1GU LTD Registered Number 08077107

Notes to the Abbreviated Accounts for the period ended 31 January 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 the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Leasehold properties - Straight line over the life of the lease
FF and equipment - Straight line 25%

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 August 2013	77,486
Additions	4,995
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	82,481
Depreciation
At 1 August 2013	4,205
Charge for the year	7,416
On disposals	-
At 31 January 2014	11,621
Net book values
At 31 January 2014	70,860
At 31 July 2013	73,281

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

	31/01/2014 £	31/07/2013 £
100 Ordinary shares of £1 each	100	100