Abbreviated Company Accounts - GLEN VORLICH TRADING CO LTD.

GLEN VORLICH TRADING CO LTD. - Company Information

SC370857 GLEN VORLICH TRADING CO LTD. 2014-01-31 false 2013-02-01 2014-01-31 true SC370857 2013-02-01 2014-01-31 SC370857 2014-01-31 SC370857 2013-01-31 SC370857 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 SC370857 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number SC370857

GLEN VORLICH TRADING CO LTD.

Abbreviated Accounts

31 January 2014

GLEN VORLICH TRADING CO LTD. Registered Number SC370857

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	100,220	28,361
		100,220	28,361
Current assets
Stocks		-	15,260
Debtors		-	12,580
Cash at bank and in hand		1,183	12,368
		1,183	40,208
Creditors: amounts falling due within one year		(600)	(600)
Net current assets (liabilities)		583	39,608
Total assets less current liabilities		100,803	67,969
Creditors: amounts falling due after more than one year		(114,480)	(81,281)
Total net assets (liabilities)		(13,677)	(13,312)
Capital and reserves
Called up share capital	3	99	99
Profit and loss account		(13,776)	(13,411)
Shareholders' funds		(13,677)	(13,312)

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 29 October 2014

And signed on their behalf by:
George Vinas, Director

GLEN VORLICH TRADING CO LTD. Registered Number SC370857

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
The turnover shown in the Profit & Loss Account represents amounts invoiced during the year exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the life of that asset.

Valuation information and policy
STOCKS
Stocks are values at the lower cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Related Party Transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.
The Company was under control of Mr Vinas throughout the current year. Mr Vinas is the Managing Director.

2Tangible fixed assets

	£
Cost
At 1 February 2013	28,361
Additions	138,720
Disposals	(66,861)
Revaluations	-
Transfers	-
At 31 January 2014	100,220
Depreciation
At 1 February 2013	-
Charge for the year	-
On disposals	-
At 31 January 2014	-
Net book values
At 31 January 2014	100,220
At 31 January 2013	28,361

FIXED ASSETS
All Fixed Assets are initially recorded at cost.

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

	2014 £	2013 £
99 Ordinary shares of £1 each	99	99

CALLED UP SHARE CAPITAL
There have been no transactions involving Ordinary Shares or Potential Ordinary Shares since the reporting date and before completion of these financial statements.