Abbreviated Company Accounts - GIORGIO PRODUCTS LTD

Abbreviated Company Accounts - GIORGIO PRODUCTS LTD

GIORGIO PRODUCTS LTD - Company Information

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Registered Number 07192491

GIORGIO PRODUCTS LTD

Abbreviated Accounts

31 March 2014

GIORGIO PRODUCTS LTD Registered Number 07192491

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 999 1,249
999 1,249
Current assets
Stocks 8,645 9,605
Debtors 429,154 469,984
Cash at bank and in hand 10,236 339
448,035 479,928
Creditors: amounts falling due within one year (666,246) (618,084)
Net current assets (liabilities) (218,211) (138,156)
Total assets less current liabilities (217,212) (136,907)
Total net assets (liabilities) (217,212) (136,907)
Capital and reserves
Called up share capital 100 100
Profit and loss account (217,312) (137,007)
Shareholders' funds (217,212) (136,907)
  • 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 15 December 2014

And signed on their behalf by:
George Georgiou, Director

GIORGIO PRODUCTS LTD Registered Number 07192491

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 represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% Reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2013 2,397
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 2,397
Depreciation
At 1 April 2013 1,148
Charge for the year 250
On disposals -
At 31 March 2014 1,398
Net book values
At 31 March 2014 999
At 31 March 2013 1,249