Egale Limited,Ltd - Accounts

Egale Limited,Ltd - Accounts

EGALE LIMITED - Company Information

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2013-05-01 true false Private Limited Company 07592920 2014-04-30 07592920 2013-05-01 2014-04-30 07592920 2013-04-30 07592920 2012-05-01 2013-04-30 07592920 uk-bus:Director1 2013-05-01 2014-04-30 07592920 uk-gaap:ComputerEquipment 2013-05-01 2014-04-30 07592920 uk-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP
Egale Limited
For the year ended 30 April 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07592920
2
Contents Page
Egale Limited
For the year ended 30 April 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Egale Limited
Accountants' Report
For the year ended 30 April 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 30 April 2014 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist
you to fulfil your statutory responsibilities, from the accounting records and information and explanations
supplied to us.
BKPS Ltd Incorporating Sue Owen Accountants
14a Regent Road
Altrincham
Cheshire
WA14 1RP
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4
Abbreviated Balance Sheet
Egale Limited
As at 30 April 2014
07592920
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
640
1,436
640
1,436
Current assets
Stocks
7,900
-
Debtors
6,745
8,579
Cash at bank and in hand
10,228
14,271
18,807
28,916
Creditors: amounts falling due within one year
(29,288)
(31,086)
(372)
(12,279)
Net current liabilities
Total assets less current liabilities
(11,639)
1,064
(11,639)
Net assets/liabilities
1,064
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
(11,641)
1,062
(11,639)
1,064
Shareholders funds
For the year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 19 January 2015
Lady Anna Knight Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Egale Limited
For the year ended 30 April 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
33% Straight line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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Notes to the Abbreviated Financial Statements
Egale Limited
For the year ended 30 April 2014
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
2,390
At 01 May 2013
At 30 April 2014
2,390
Depreciation
954
At 01 May 2013
796
Charge for year
1,750
At 30 April 2014
Net book values
At 30 April 2014
640
1,436
At 30 April 2013
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
2 Class A shares of £1.00 each
2
2
2
2
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