Gorky Limited - Period Ending 2014-06-30

Registration number: 06269647

Gorky Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014

Gorky Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

Gorky Limited
(Registration number: 06269647)
Abbreviated Balance Sheet at 30 June 2014

	Note	2014 £	2013 £
Current assets
Stocks		1,070,019	1,070,019
Debtors		2,362	-
Cash at bank and in hand		9,489	254
		1,081,870	1,070,273
Creditors: Amounts falling due within one year		(662,000)	(640,643)
Net assets		419,870	429,630
Capital and reserves
Called up share capital	2	1	1
Profit and loss account		419,869	429,629
Shareholders' funds		419,870	429,630

For the year ending 30 June 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 director acknowledges his 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 director on 23 January 2015

.........................................
Anthony George Bunker
Director

The notes on page 2 form an integral part of these financial statements.
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Gorky Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Monetory assets and liabilites denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Profit and loss account.

2	Share capital

Allotted, called up and unpaid shares

	2014			2013
		No.	£		No.	£
1 Ordinary share of £1 each		1	1		1	1

Control

The company is controlled by Mr R Manoukian , as a result of his shareholding in the company.

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