| GRATE FIRES LIMITED |
| Registered number: |
04754049 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
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| Notes |
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|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,220 |
|
|
1,024 |
|
| Current assets |
| Debtors |
|
|
8,034 |
|
|
6,540 |
| Cash at bank and in hand |
|
|
22,093 |
|
|
9,538 |
|
|
|
30,127 |
|
|
16,078 |
|
| Creditors: amounts falling due within one year |
|
|
(25,167) |
|
|
(15,260) |
|
| Net current assets |
|
|
|
4,960 |
|
|
818 |
|
| Net assets |
|
|
|
6,180 |
|
|
1,842 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
6,080 |
|
|
1,742 |
|
| Shareholders' funds |
|
|
|
6,180 |
|
|
1,842 |
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|
|
|
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| 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. |
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|
| N Nicola |
| Director |
| Approved by the board on 10 January 2015 |
|
| GRATE FIRES LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
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| 1 |
Accounting policies |
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|
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). |
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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. |
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Plant and machinery |
20% straight line |
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| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
3,336 |
|
Additions |
839 |
|
At 31 March 2014 |
4,175 |
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|
|
|
|
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Depreciation |
|
At 1 April 2013 |
2,312 |
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Charge for the year |
643 |
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At 31 March 2014 |
2,955 |
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Net book value |
|
At 31 March 2014 |
1,220 |
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At 31 March 2013 |
1,024 |
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| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
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| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
N Nicola |
|
Director's loan account |
(11,103) |
|
55,095 |
|
(38,000) |
|
5,992 |
|
|
|
(11,103) |
|
55,095 |
|
(38,000) |
|
5,992 |
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