Glenfield Renewables Ltd - Period Ending 2014-02-28

Registration number: NI616645

Glenfield Renewables Ltd

Unaudited Abbreviated Accounts

for the Period from 6 February 2013 to 28 February 2014

 

Glenfield Renewables Ltd
(Registration number: NI616645)
Abbreviated Balance Sheet at 28 February 2014

		Note			28 February 2014 £
Fixed assets
Tangible fixed assets		2			22,101
Current assets
Debtors					173,586
Cash at bank and in hand					44,185
					217,771
Creditors: Amounts falling due within one year					(189,541)
Net current assets					28,230
Total assets less current liabilities					50,331
Creditors: Amounts falling due after more than one year					(12,523)
Provisions for liabilities					(2,652)
Net assets					35,156
Capital and reserves
Called up share capital		3			10
Profit and loss account					35,146
Shareholders' funds					35,156

For the period ending 28 February 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.

The notes on pages 3 to 4 form an integral part of these financial statements.
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Glenfield Renewables Ltd
(Registration number: NI616645)
Abbreviated Balance Sheet at 28 February 2014
......... continued

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 24 October 2014

.........................................
 Mr Francis Warwick
 Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Glenfield Renewables Ltd
Notes to the Abbreviated Accounts for the Period from 6 February 2013 to 28 February 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Motor vehicles	20% Straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

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Glenfield Renewables Ltd
Notes to the Abbreviated Accounts for the Period from 6 February 2013 to 28 February 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		27,346			27,346
At 28 February 2014		27,346			27,346
Depreciation
Charge for the period		5,245			5,245
At 28 February 2014		5,245			5,245
Net book value
At 28 February 2014		22,101			22,101

3	Share capital

Allotted, called up and fully paid shares

	28 February 2014
		No.			£
Ordinary shares of £1 each		10			10

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