Abbreviated Company Accounts - IAN GRAY & ASSOCIATES LIMITED

05118965 IAN GRAY & ASSOCIATES LIMITED 2013-05-31 false 2012-06-01 2013-05-31 true 05118965 2012-06-01 2013-05-31 05118965 2013-05-31 05118965 2012-05-31 05118965 uk-gaap-cd-bus:Director1 2012-06-01 2013-05-31 05118965 uk-gaap-cd-bus:Director2 2012-06-01 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-06-01 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-05-31 iso4217:GBP shares

Registered Number 05118965

IAN GRAY & ASSOCIATES LIMITED

Abbreviated Accounts

31 May 2013

IAN GRAY & ASSOCIATES LIMITED Registered Number 05118965

Abbreviated Balance Sheet as at 31 May 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	3,381	4,508
		3,381	4,508
Current assets
Debtors		18,328	17,116
Cash at bank and in hand		83,234	55,121
		101,562	72,237
Net current assets (liabilities)		101,562	72,237
Total assets less current liabilities		104,943	76,745
Creditors: amounts falling due after more than one year		(12,775)	(10,747)
Total net assets (liabilities)		92,168	65,998
Capital and reserves
Called up share capital	3	100	100
Other reserves		200,000	200,000
Profit and loss account		(107,932)	(134,102)
Shareholders' funds		92,168	65,998

For the year ending 31 May 2013 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 29 July 2013

And signed on their behalf by:
I M M Gray, Director

IAN GRAY & ASSOCIATES LIMITED Registered Number 05118965

Notes to the Abbreviated Accounts for the period ended 31 May 2013

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 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.

Tangible assets depreciation policy
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

Other accounting policies
Pensions
The pension charge represents contributions payable to an employee's personal pension scheme.

2Tangible fixed assets

	£
Cost
At 1 June 2012	13,667
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2013	13,667
Depreciation
At 1 June 2012	9,159
Charge for the year	1,127
On disposals	-
At 31 May 2013	10,286
Net book values
At 31 May 2013	3,381
At 31 May 2012	4,508

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

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100