Gopal Stores Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC132599 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

GOPAL STORES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Gurbans Singh Bhopal

Harinder Singh Bhopal

Balwant Singh Bhopal

Ranbir Singh Bhopal

Nirmal Singh Bhopal

SECRETARY:

Harinder Singh Bhopal

REGISTERED OFFICE:

350 New Edinburgh Road

Viewpark

Bellshill

ML4 3HH

REGISTERED NUMBER:

SC132599 (Scotland)

ACCOUNTANTS:

WDM

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

2

180

240

CURRENT ASSETS

Stocks

5,766

5,486

Debtors

3,888

3,727

Cash at bank and in hand

2,580

4,714

12,234

13,927

CREDITORS

Amounts falling due within one year

14,691

14,568

NET CURRENT LIABILITIES

(2,457

)

(641

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,277

)

(401

)

CAPITAL AND RESERVES

Called up share capital

3

120

120

Profit and loss account

(2,397

)

(521

)

SHAREHOLDERS' FUNDS

(2,277

)

(401

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 December 2014 and were signed on its behalf by:

Gurbans Singh Bhopal - Director

Harinder Singh Bhopal - 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.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Provision is made for deferred taxation in so far as a liability or asset arose as a result of transactions

that had occurred by the balance sheet date and gave rise to an obligation to pay more tax in the future, or

a right to pay less tax in the future with the following exception: Deferred tax assets are recognised only

to the extent that the Directors consider that it is more likely than not that there will be suitable taxable

profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax

is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which

timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

13,410

DEPRECIATION

At 1 April 2013

13,170

Charge for year

60

At 31 March 2014

13,230

NET BOOK VALUE

At 31 March 2014

180

At 31 March 2013

240

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

120

Ordinary

£1

120

120

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two

to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Gopal Stores Limited for the year ended 31 March 2014 which comprise the Profit and

Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical

and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Gopal Stores Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements

of Gopal Stores Limited and state those matters that we have agreed to state to the Board of Directors of Gopal

Stores Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered

Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of

Directors, as a body, for our work or for this report.

It is your duty to ensure that Gopal Stores Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of

Gopal Stores Limited. You consider that Gopal Stores Limited is exempt from the statutory audit requirement for

the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gopal Stores Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

WDM

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

17 December 2014