Abbreviated Company Accounts - GLENFERN TRADING LIMITED

GLENFERN TRADING LIMITED - Company Information

06312950 GLENFERN TRADING LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 06312950 2015-11-01 2016-10-31 06312950 2016-10-31 06312950 2015-10-31 06312950 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 06312950 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 06312950

GLENFERN TRADING LIMITED

Abbreviated Accounts

31 October 2016

GLENFERN TRADING LIMITED Registered Number 06312950

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	894,551	911,610
		894,551	911,610
Current assets
Stocks		748,696	784,845
Debtors		46,544	149,608
Cash at bank and in hand		169,514	58,853
		964,754	993,306
Creditors: amounts falling due within one year		(1,076,373)	(1,205,581)
Net current assets (liabilities)		(111,619)	(212,275)
Total assets less current liabilities		782,932	699,335
Creditors: amounts falling due after more than one year		(32,070)	(74,070)
Total net assets (liabilities)		750,862	625,265
Capital and reserves
Called up share capital	3	1,300,000	1,300,000
Profit and loss account		(549,138)	(674,735)
Shareholders' funds		750,862	625,265

For the year ending 31 October 2016 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 3 July 2017

And signed on their behalf by:
J E Thomas, Director

GLENFERN TRADING LIMITED Registered Number 06312950

Notes to the Abbreviated Accounts for the period ended 31 October 2016

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 comprises the fair value of the consideration received or receivable for the sale of goods
and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets depreciation policy
Depreciation is charged so as to write off the cost of assets, other than land and properties under
construction over their estimated useful lives, as follows:

Freehold property 2% on cost
Plant and machinery 25% reducing balance
Fixtures and fittings 25% on cost

2Tangible fixed assets

	£
Cost
At 1 November 2015	1,087,984
Additions	6,500
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	1,094,484
Depreciation
At 1 November 2015	176,374
Charge for the year	23,559
On disposals	-
At 31 October 2016	199,933
Net book values
At 31 October 2016	894,551
At 31 October 2015	911,610

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

	2016 £	2015 £
1,300,000 Ordinary shares of £1 each	1,300,000	1,300,000