Abbreviated Company Accounts - THE KYFFIN GALLERY LTD

THE KYFFIN GALLERY LTD - Company Information

07978620 THE KYFFIN GALLERY LTD 2014-03-31 false 2013-04-01 2014-03-31 true 07978620 2013-04-01 2014-03-31 07978620 2014-03-31 07978620 2013-03-31 07978620 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07978620 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07978620

THE KYFFIN GALLERY LTD

Abbreviated Accounts

31 March 2014

THE KYFFIN GALLERY LTD Registered Number 07978620

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,000	4,850
		4,000	4,850
Current assets
Stocks		214,943	89,111
Debtors		22,630	-
Cash at bank and in hand		2,610	94,278
		240,183	183,389
Creditors: amounts falling due within one year		(240,704)	(186,622)
Net current assets (liabilities)		(521)	(3,233)
Total assets less current liabilities		3,479	1,617
Total net assets (liabilities)		3,479	1,617
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		3,478	1,616
Shareholders' funds		3,479	1,617

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:
R Condon, Director

THE KYFFIN GALLERY LTD Registered Number 07978620

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
Turnover comprises revenue recognised by the company in respect of goods supplied during the year, excluding VAT

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. depreciation is calculated to write off the cost over useful life, after allowing for residual value on the following basis
Fixtures and equipment - 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	5,850
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	5,850
Depreciation
At 1 April 2013	1,000
Charge for the year	850
On disposals	-
At 31 March 2014	1,850
Net book values
At 31 March 2014	4,000
At 31 March 2013	4,850

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1