Gib & Cotter Interiors Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07939744 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

GIB & COTTER INTERIORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr J Foster

REGISTERED OFFICE:

2 The Glenmore Centre

Shearway Business Park

Pent Road

Folkestone

Kent

CT19 4RJ

REGISTERED NUMBER:

07939744 (England and Wales)

ACCOUNTANTS:

Millen Necker & Co.

Accountants & Tax Advisors

2 The Glenmore Centre

Shearway Business Park

Pent Road

Folkestone

Kent

CT19 4RJ

FIXED ASSETS

Tangible assets

2

22,619

6,821

CURRENT ASSETS

Debtors

187,596

109,223

Cash at bank and in hand

229,315

198,583

416,911

307,806

CREDITORS

Amounts falling due within one year

270,204

254,216

NET CURRENT ASSETS

146,707

53,590

TOTAL ASSETS LESS CURRENT LIABILITIES

169,326

60,411

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

169,226

60,311

SHAREHOLDERS' FUNDS

169,326

60,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 by the director on 24 November 2014 and were signed by:

Mr J Foster - 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 goods, excluding value added tax.

Tangible fixed assets

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

9,095

Additions

23,574

At 28 February 2014

32,669

DEPRECIATION

At 1 March 2013

2,274

Charge for year

7,776

At 28 February 2014

10,050

NET BOOK VALUE

At 28 February 2014

22,619

At 28 February 2013

6,821

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/14

28/2/13

value:

£

£

100

Ordinary

£1

100

100