Registered number
04754049
GRATE FIRES LIMITED
Abbreviated Accounts
31 March 2016
GRATE FIRES LIMITED
Registered number: 04754049
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 771 576
Current assets
Debtors 15,965 11,701
Cash at bank and in hand 13,466 26,627
29,431 38,328
Creditors: amounts falling due within one year (25,040) (30,478)
Net current assets 4,391 7,850
Net assets 5,162 8,426
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 5,062 8,326
Shareholders' funds 5,162 8,426
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
N Nicola
Director
Approved by the board on 27 January 2017
GRATE FIRES LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 April 2008).
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 20% straight line
2 Tangible fixed assets £
Cost
At 1 April 2015 4,175
Additions 748
At 31 March 2016 4,923
Depreciation
At 1 April 2015 3,599
Charge for the year 553
At 31 March 2016 4,152
Net book value
At 31 March 2016 771
At 31 March 2015 576
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
4 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
N Nicola
Director's loan account (8,597) 58,197 (45,000) 4,600
(8,597) 58,197 (45,000) 4,600
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