Abbreviated Company Accounts - GILCAN METALWORKERS LIMITED

GILCAN METALWORKERS LIMITED - Company Information

Registered Number 03717588

GILCAN METALWORKERS LIMITED

Abbreviated Accounts

31 March 2014

GILCAN METALWORKERS LIMITED Registered Number 03717588

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	11,541	14,426
		11,541	14,426
Current assets
Stocks		18,000	4,500
Debtors		3,319	9,721
		21,319	14,221
Creditors: amounts falling due within one year		(40,429)	(34,408)
Net current assets (liabilities)		(19,110)	(20,187)
Total assets less current liabilities		(7,569)	(5,761)
Creditors: amounts falling due after more than one year		(10,000)	(10,000)
Total net assets (liabilities)		(17,569)	(15,761)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(17,669)	(15,861)
Shareholders' funds		(17,569)	(15,761)

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 30 December 2014

And signed on their behalf by:
M Canham, Director

GILCAN METALWORKERS LIMITED Registered Number 03717588

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from provisions of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off cost less residual value of each asset over its expected useful life, as follows:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	84,435
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	84,435
Depreciation
At 1 April 2013	70,009
Charge for the year	2,885
On disposals	-
At 31 March 2014	72,894
Net book values
At 31 March 2014	11,541
At 31 March 2013	14,426