Gluco RX Limited - Limited company - abbreviated - 11.6

Gluco RX Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 07513682 (England and Wales)










Abbreviated Unaudited Accounts for the Year Ended 28 February 2014

for

Gluco RX Limited

Gluco RX Limited (Registered number: 07513682)






Contents of the Abbreviated Accounts
for the Year Ended 28 February 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Gluco RX Limited

Company Information
for the Year Ended 28 February 2014







DIRECTORS: P Khiroya
N Nathwani
Mrs V Khiroya
Mrs P Nathwani





REGISTERED OFFICE: 75 Springfield Road
Chelmsford
Essex
CM2 6JB





REGISTERED NUMBER: 07513682 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Gluco RX Limited (Registered number: 07513682)

Abbreviated Balance Sheet
28 February 2014

28.2.13 28.2.14
as restated
£    £    Notes £    £   
FIXED ASSETS
62,609 Tangible assets 2 137,780

CURRENT ASSETS
486,238 Debtors 1,683,144
849,317 Cash at bank and in hand 970,755
1,335,555 2,653,899
CREDITORS
818,946 Amounts falling due within one year 1,566,207
516,609 NET CURRENT ASSETS 1,087,692
579,218 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,225,472

402,634 PROVISIONS FOR LIABILITIES 594,005
176,584 NET ASSETS 631,467

CAPITAL AND RESERVES
30,000 Called up share capital 3 30,000
146,584 Profit and loss account 601,467
176,584 SHAREHOLDERS' FUNDS 631,467

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 directors acknowledge their 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 Board of Directors on 20 November 2014 and were signed on its behalf
by:



P Khiroya - Director


Gluco RX Limited (Registered number: 07513682)

Notes to the Abbreviated Accounts
for the Year Ended 28 February 2014

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.

Plant and machinery etc - 50% on cost, 33% on cost and 15% on cost

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 73,831
Additions 103,273
At 28 February 2014 177,104
DEPRECIATION
At 1 March 2013 11,222
Charge for year 28,102
At 28 February 2014 39,324
NET BOOK VALUE
At 28 February 2014 137,780
At 28 February 2013 62,609

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.14 28.2.13
value: as restated
£    £   
3,000,000 Ordinary £0.01 30,000 30,000