Abbreviated Company Accounts - GRAFX LTD

SC411375 GRAFX LTD 2014-03-31 false 2013-04-01 2014-03-31 true SC411375 2013-04-01 2014-03-31 SC411375 2014-03-31 SC411375 2013-03-31 SC411375 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 SC411375 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 SC411375

GRAFX LTD

Abbreviated Accounts

31 March 2014

GRAFX LTD Registered Number SC411375

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	808	1,213
		808	1,213
Current assets
Debtors		185	176
Cash at bank and in hand		818	3,961
		1,003	4,137
Creditors: amounts falling due within one year		(1,565)	(4,066)
Net current assets (liabilities)		(562)	71
Total assets less current liabilities		246	1,284
Total net assets (liabilities)		246	1,284
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		146	1,184
Shareholders' funds		246	1,284

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:
Charles Sim, Director

GRAFX LTD Registered Number SC411375

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 and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2013	1,618
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,618
Depreciation
At 1 April 2013	405
Charge for the year	405
On disposals	-
At 31 March 2014	810
Net book values
At 31 March 2014	808
At 31 March 2013	1,213

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100