REGISTERED NUMBER: 04349039 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

GREEN MONKEY AV LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G S Mitchell

Mrs E A B Downing

SECRETARY:

Mrs E A B Downing

REGISTERED OFFICE:

99 Wellington Road North

Stockport

Greater Manchester

SK4 2LP

REGISTERED NUMBER:

04349039 (England and Wales)

ACCOUNTANTS:

SKM Chartered Accountants

Pegasus House

5 Winckley Court

Mount Street

Preston

Lancashire

PR1 8BU

BANKERS:

Lloyds TSB

Fishergate

Preston

Lancashire

PR1 2JB

FIXED ASSETS

Tangible assets

2

39,127

38,656

CURRENT ASSETS

Stocks

29,707

2,787

Debtors

113,758

57,799

Cash at bank

15,254

3,281

158,719

63,867

CREDITORS

Amounts falling due within one year

169,079

65,596

NET CURRENT LIABILITIES

(10,360

)

(1,729

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,767

36,927

CREDITORS

Amounts falling due after more than one year

(22,273

)

(31,044

)

PROVISIONS FOR LIABILITIES

(6,017

)

(5,525

)

NET ASSETS

477

358

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

377

258

SHAREHOLDERS' FUNDS

477

358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 20 August 2014 and were signed on its behalf by:

G S Mitchell - Director

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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

60,198

Additions

9,005

Disposals

(1,677

)

At 31 December 2013

67,526

DEPRECIATION

At 1 January 2013

21,542

Charge for year

7,328

Eliminated on disposal

(471

)

At 31 December 2013

28,399

NET BOOK VALUE

At 31 December 2013

39,127

At 31 December 2012

38,656

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2013 and

31 December 2012:

2013

2012

£

£

G S Mitchell

Balance outstanding at start of year

-

12,399

Amounts advanced

12,992

-

Amounts repaid

-

(12,399

)

Balance outstanding at end of year

12,992

-

During the year, the company made advances totalling £12,992. The advances were unsecured, interest free and

repayable on demand. At the balance sheet date, the outstanding balance was £12,992.