Ian Gray & Associates Limited |
Registered number: |
05118965 |
Abbreviated Balance Sheet |
as at 31 May 2014 |
|
Notes |
|
|
2014 |
|
|
2013 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
2,536 |
|
|
3,381 |
|
Current assets |
Debtors |
|
|
15,837 |
|
|
18,328 |
Cash at bank and in hand |
|
|
112,126 |
|
|
83,234 |
|
|
|
127,963 |
|
|
101,562 |
|
Creditors: amounts falling due within one year |
|
|
(13,880) |
|
|
(12,775) |
|
Net current assets |
|
|
|
114,083 |
|
|
88,787 |
|
Net assets |
|
|
|
116,619 |
|
|
92,168 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Shareholder's capital loan |
|
|
|
200,000 |
|
|
200,000 |
Profit and loss account |
|
|
|
(83,481) |
|
|
(107,932) |
|
Shareholders' funds |
|
|
|
116,619 |
|
|
92,168 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
I M M Gray |
Director |
Approved by the board on 13 November 2014 |
|
Ian Gray & Associates Limited |
Notes to the Abbreviated Accounts |
for the year ended 31 May 2014 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
|
|
Pensions |
|
The pension charge represents contributions payable to an employee's personal pension scheme. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2013 |
13,667 |
|
At 31 May 2014 |
13,667 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2013 |
10,286 |
|
Charge for the year |
845 |
|
At 31 May 2014 |
11,131 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2014 |
2,536 |
|
At 31 May 2013 |
3,381 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|