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REGISTERED NUMBER: 01036836 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

GROUP FOUR GLASSFIBRE COMPANY LIMITED

GROUP FOUR GLASSFIBRE COMPANY LIMITED (REGISTERED NUMBER: 01036836)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

GROUP FOUR GLASSFIBRE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTOR: T D Cox





SECRETARY: M Cox





REGISTERED OFFICE: Unit 42, Church Road
Business Centre
Murston
Sittingbourne
Kent
ME10 3RS





REGISTERED NUMBER: 01036836 (England and Wales)





ACCOUNTANTS: Williams Giles Limited
Chartered Accountants
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

GROUP FOUR GLASSFIBRE COMPANY LIMITED (REGISTERED NUMBER: 01036836)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 13,679 14,219
Tangible assets 3 46,666 60,414
60,345 74,633

CURRENT ASSETS
Stocks 136,301 58,986
Debtors 152,197 205,546
Cash at bank 279,166 251,669
567,664 516,201
CREDITORS
Amounts falling due within one year 168,000 124,346
NET CURRENT ASSETS 399,664 391,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,009

466,488

PROVISIONS FOR LIABILITIES 8,322 10,831
NET ASSETS 451,687 455,657

CAPITAL AND RESERVES
Called up share capital 4 63 63
Capital redemption reserve 37 37
Profit and loss account 451,587 455,557
SHAREHOLDERS' FUNDS 451,687 455,657

GROUP FOUR GLASSFIBRE COMPANY LIMITED (REGISTERED NUMBER: 01036836)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2014


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 18 May 2015 and were signed by:





T D Cox - Director


GROUP FOUR GLASSFIBRE COMPANY LIMITED (REGISTERED NUMBER: 01036836)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of glassfibre goods and services, excluding value added tax, except in
respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Patents and licences
Amortisation is provided in order to write off the cost of patents and licences over a period of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 23,001
Additions 642
At 31 December 2014 23,643
AMORTISATION
At 1 January 2014 8,782
Amortisation for year 1,182
At 31 December 2014 9,964
NET BOOK VALUE

At 31 December 2014 13,679
At 31 December 2013 14,219

GROUP FOUR GLASSFIBRE COMPANY LIMITED (REGISTERED NUMBER: 01036836)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 210,663
Additions 2,700
At 31 December 2014 213,363
DEPRECIATION
At 1 January 2014 150,249
Charge for year 16,448
At 31 December 2014 166,697
NET BOOK VALUE
At 31 December 2014 46,666
At 31 December 2013 60,414

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
63 Ordinary £1 63 63

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2013 - £30,000) were paid to the director .

The premises occupied by the company are owned by the director, T Cox and his spouse. The company paid
rent, at market value, of £61,800 (2013: £61,800) during the year in respect of these premises.