Abbreviated Company Accounts - GRIPPING SOLUTIONS LTD

Abbreviated Company Accounts - GRIPPING SOLUTIONS LTD


Registered Number 06826651

GRIPPING SOLUTIONS LTD

Abbreviated Accounts

28 February 2014

GRIPPING SOLUTIONS LTD Registered Number 06826651

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,054 2,226
2,054 2,226
Current assets
Debtors - 179
Cash at bank and in hand 21,558 19,956
21,558 20,135
Creditors: amounts falling due within one year (22,631) (22,062)
Net current assets (liabilities) (1,073) (1,927)
Total assets less current liabilities 981 299
Total net assets (liabilities) 981 299
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 881 199
Shareholders' funds 981 299
  • For the year 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.
  • 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 November 2014

And signed on their behalf by:
S Kelsh, Director

GRIPPING SOLUTIONS LTD Registered Number 06826651

Notes to the Abbreviated Accounts for the period ended 28 February 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 net invoiced value of sales.

Tangible assets depreciation policy
Fixed assets are depreciated at 25% net book value.

2Tangible fixed assets
£
Cost
At 1 March 2013 4,402
Additions 509
Disposals -
Revaluations -
Transfers -
At 28 February 2014 4,911
Depreciation
At 1 March 2013 2,176
Charge for the year 681
On disposals -
At 28 February 2014 2,857
Net book values
At 28 February 2014 2,054
At 28 February 2013 2,226
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100