Stefan Gray Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06895151 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

STEFAN GRAY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S J Gray

SECRETARY:

Mrs A S Earle

REGISTERED OFFICE:

Stanley House

33-35 West Hill

Portishead

Bristol

BS20 6LG

REGISTERED NUMBER:

06895151 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Stanley House

33-35 West Hill

Portishead

Bristol

BS20 6LG

FIXED ASSETS

Intangible assets

2

22,500

27,000

Tangible assets

3

5,006

4,748

27,506

31,748

CURRENT ASSETS

Debtors

63,606

6,398

Cash at bank and in hand

48,702

46,362

112,308

52,760

CREDITORS

Amounts falling due within one year

51,931

38,275

NET CURRENT ASSETS

60,377

14,485

TOTAL ASSETS LESS CURRENT LIABILITIES

87,883

46,233

PROVISIONS FOR LIABILITIES

393

-

NET ASSETS

87,490

46,233

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

87,390

46,133

SHAREHOLDERS' FUNDS

87,490

46,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 and authorised for issue by the director on 5 November 2014 and were signed by:

S J Gray - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service

contracts, where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

balance sheet date where transactions or events have occurred at that date that will result in an obligation to

pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that there will be suitable taxable profits from which the future reversal of the underlying timing differences

can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

45,000

AMORTISATION

At 1 July 2013

18,000

Amortisation for year

4,500

At 30 June 2014

22,500

NET BOOK VALUE

At 30 June 2014

22,500

At 30 June 2013

27,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

11,978

Additions

1,877

At 30 June 2014

13,855

DEPRECIATION

At 1 July 2013

7,230

Charge for year

1,619

At 30 June 2014

8,849

NET BOOK VALUE

At 30 June 2014

5,006

At 30 June 2013

4,748

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the director .