Grade management Ltd - Limited company - abbreviated - 11.6

Grade management Ltd - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 07943997 (England and Wales)











Abbreviated Accounts

for the Year Ended 31 March 2014

for

Grade management Ltd

Grade management Ltd (Registered number: 07943997)

Contents of the Abbreviated Accounts
for the year ended 31 March 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Grade management Ltd

Company Information
for the year ended 31 March 2014







DIRECTORS: E Karney
R Satguranathan





REGISTERED OFFICE: 20 Windsor Court
Victoria Terrace Clifton
Bristol
BS8 4LJ





REGISTERED NUMBER: 07943997 (England and Wales)





ACCOUNTANTS: Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

Grade management Ltd (Registered number: 07943997)

Abbreviated Balance Sheet
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,768 2,050

CURRENT ASSETS
Debtors 52,531 35,934
Cash at bank 5,742 7,621
58,273 43,555
CREDITORS
Amounts falling due within one year 48,781 36,504
NET CURRENT ASSETS 9,492 7,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,260

9,101

PROVISIONS FOR LIABILITIES 354 -
NET ASSETS 10,906 9,101

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 10,806 9,001
SHAREHOLDERS' FUNDS 10,906 9,101

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.

Grade management Ltd (Registered number: 07943997)

Abbreviated Balance Sheet - continued
31 March 2014


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 31 December 2014 and were signed on its behalf by:





E Karney - Director


Grade management Ltd (Registered number: 07943997)

Notes to the Abbreviated Accounts
for the year ended 31 March 2014


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.

Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Taxation
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of
income and expenditure in taxation computations in periods different from those in which they are included in the
financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will be
recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing differences can
be deducted.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period
of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 2,734
Additions 307
At 31 March 2014 3,041
DEPRECIATION
At 1 April 2013 684
Charge for year 589
At 31 March 2014 1,273
NET BOOK VALUE
At 31 March 2014 1,768
At 31 March 2013 2,050

Grade management Ltd (Registered number: 07943997)

Notes to the Abbreviated Accounts - continued
for the year ended 31 March 2014


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
100 Ordinary £1 100 100