Registered Number 01036836

GROUP FOUR GLASSFIBRE CO. LIMITED

Abbreviated Accounts

31 December 2015

GROUP FOUR GLASSFIBRE CO. LIMITED Registered Number 01036836

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 12,497 13,679
Tangible assets 3 35,079 46,666
47,576 60,345
Current assets
Stocks 115,877 136,301
Debtors 222,702 152,197
Cash at bank and in hand 335,853 279,166
674,432 567,664
Creditors: amounts falling due within one year (137,155) (168,000)
Net current assets (liabilities) 537,277 399,664
Total assets less current liabilities 584,853 460,009
Provisions for liabilities (4,339) (8,322)
Total net assets (liabilities) 580,514 451,687
Capital and reserves
Called up share capital 4 63 63
Other reserves 37 37
Profit and loss account 580,414 451,587
Shareholders' funds 580,514 451,687
  • For the year ending 31 December 2015 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 31 March 2016

And signed on their behalf by:
T D Cox, Director

GROUP FOUR GLASSFIBRE CO. LIMITED Registered Number 01036836

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off 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

2Intangible fixed assets
£
Cost
At 1 January 2015 23,643
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 23,643
Amortisation
At 1 January 2015 9,964
Charge for the year 1,182
On disposals -
At 31 December 2015 11,146
Net book values
At 31 December 2015 12,497
At 31 December 2014 13,679
3Tangible fixed assets
£
Cost
At 1 January 2015 213,363
Additions 708
Disposals -
Revaluations -
Transfers -
At 31 December 2015 214,071
Depreciation
At 1 January 2015 166,697
Charge for the year 12,295
On disposals -
At 31 December 2015 178,992
Net book values
At 31 December 2015 35,079
At 31 December 2014 46,666
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
63 Ordinary shares of £1 each 63 63