Registered Number 05837791

GCM ENTERPRISES LIMITED

Abbreviated Accounts

31 July 2012

GCM ENTERPRISES LIMITED Registered Number 05837791

Abbreviated Balance Sheet as at 31 July 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 23,577 15,486
23,577 15,486
Current assets
Stocks 124,984 122,441
Debtors 2,292 4,086
Cash at bank and in hand 12,498 17,059
139,774 143,586
Creditors: amounts falling due within one year (36,374) (3,352)
Net current assets (liabilities) 103,400 140,234
Total assets less current liabilities 126,977 155,720
Creditors: amounts falling due after more than one year (157,962) (158,563)
Total net assets (liabilities) (30,985) (2,843)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (31,985) (3,843)
Shareholders' funds (30,985) (2,843)
  • For the year ending 31 July 2012 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 26 June 2013

And signed on their behalf by:
Mr Gary Mills, Director

GCM ENTERPRISES LIMITED Registered Number 05837791

Notes to the Abbreviated Accounts for the period ended 31 July 2012

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 amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
fixtures and fittings & equipment 12.50% straight line
motor vehicles 20% straight line

2Tangible fixed assets
£
Cost
At 1 August 2011 28,634
Additions 13,498
Disposals -
Revaluations -
Transfers -
At 31 July 2012 42,132
Depreciation
At 1 August 2011 13,148
Charge for the year 5,407
On disposals -
At 31 July 2012 18,555
Net book values
At 31 July 2012 23,577
At 31 July 2011 15,486