Abbreviated Company Accounts - GIAN SUPERMARKET LTD

Abbreviated Company Accounts - GIAN SUPERMARKET LTD

GIAN SUPERMARKET LTD - Company Information

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Registered Number 08053643

GIAN SUPERMARKET LTD

Abbreviated Accounts

31 May 2013

GIAN SUPERMARKET LTD Registered Number 08053643

Abbreviated Balance Sheet as at 31 May 2013

Notes 2013
£
Fixed assets
Intangible assets 2 86,592
Tangible assets 3 77,956
164,548
Current assets
Stocks 28,000
Debtors 1,701
Cash at bank and in hand 181,256
210,957
Creditors: amounts falling due within one year (290,866)
Net current assets (liabilities) (79,909)
Total assets less current liabilities 84,639
Total net assets (liabilities) 84,639
Capital and reserves
Called up share capital 100
Profit and loss account 84,539
Shareholders' funds 84,639
  • For the year ending 31 May 2013 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 1 August 2014

And signed on their behalf by:
Mr Gupta, Director

GIAN SUPERMARKET LTD Registered Number 08053643

Notes to the Abbreviated Accounts for the period ended 31 May 2013

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 sales of goods, excluding value added tax

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

2Intangible fixed assets
£
Cost
Additions 86,592
Disposals -
Revaluations -
Transfers -
At 31 May 2013 86,592
Amortisation
Charge for the year -
On disposals -
At 31 May 2013 -
Net book values
At 31 May 2013 86,592
3Tangible fixed assets
£
Cost
Additions 85,926
Disposals -
Revaluations -
Transfers -
At 31 May 2013 85,926
Depreciation
Charge for the year 7,970
On disposals -
At 31 May 2013 7,970
Net book values
At 31 May 2013 77,956