Abbreviated Company Accounts - GRAFIKA LIMITED

Registered Number 03899636

GRAFIKA LIMITED

Abbreviated Accounts

31 March 2014

GRAFIKA LIMITED Registered Number 03899636

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	18,385	28,613
		18,385	28,613
Current assets
Stocks		36,292	27,513
Debtors		55,695	38,608
Cash at bank and in hand		111	5,169
		92,098	71,290
Creditors: amounts falling due within one year		(42,167)	(31,188)
Net current assets (liabilities)		49,931	40,102
Total assets less current liabilities		68,316	68,715
Total net assets (liabilities)		68,316	68,715
Capital and reserves
Called up share capital		100	100
Profit and loss account		68,216	68,615
Shareholders' funds		68,316	68,715

For the year ending 31 March 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 19 December 2014

And signed on their behalf by:
Mr M F Ramsden, Director

GRAFIKA LIMITED Registered Number 03899636

Notes to the Abbreviated Accounts for the period ended 31 March 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% Reducing Balance
Fixtures & Fittings - 25% Reducing Balance
Motor Vehicles - 25% Reducing Balance
Equipment - 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	105,590
Additions	952
Disposals	(10,400)
Revaluations	-
Transfers	-
At 31 March 2014	96,142
Depreciation
At 1 April 2013	76,977
Charge for the year	6,865
On disposals	(6,085)
At 31 March 2014	77,757
Net book values
At 31 March 2014	18,385
At 31 March 2013	28,613