GD Mags Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07863187 (England and Wales)

GD MAGS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs G D Dodd

SECRETARY:

Mrs L McCabe ACIB

REGISTERED OFFICE:

3 Primrose Lane

Dickens Heath

Solihull

West Midlands

B90 1RZ

REGISTERED NUMBER:

07863187 (England and Wales)

ACCOUNTANTS:

Angel Accounting Ltd

Nairn House

1174 Stratford Road

Hall Green

Birmingham

B28 8AQ

FIXED ASSETS

Intangible assets

2

60,000

60,000

CURRENT ASSETS

Debtors

4,985

2,875

Cash at bank

4,803

1,862

9,788

4,737

CREDITORS

Amounts falling due within one year

63,114

64,514

NET CURRENT LIABILITIES

(53,326

)

(59,777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,674

223

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

6,574

123

SHAREHOLDERS' FUNDS

6,674

223

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 15th December 2014 and were signed by:

Mrs G D Dodd - 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.

Goodwill

The value of goodwill represents an amount due to Mrs Gail Dodd following on from the transfer of the sole

trader activity The Knowle and Dorridge Directory. This amount has not yet been paid over, and is represented

by the director loan account balance. Mrs Dodd does not intend to withdraw these funds until the company

has sufficient assets to facilitate this.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

and 31st March 2014

60,000

NET BOOK VALUE

At 31st March 2014

60,000

At 31st March 2013

60,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100