Registered number: 07643405
GSR Europe Ltd
Abbreviated accounts
for the year ended 31 May 2014

GSR Europe Ltd

Contents

GSR Europe Ltd

Abbreviated balance sheet

as at 31 May 2014

2014 2013
Notes £ £ £ £
Fixed Assets
Tangible assets 766 1,208
Current Asset
Trade Debtors 6,696 5,071
Cash at bank and in hand 21,759 10,805
Other Debtors 147
28,602 15,876
Creditors: amounts falling due within one year 7 (16,490) (16,898)
Net current assets 12,112 (1,022)
Total assets less current liabilities 12,878  186 
Net assets 12,878 186
Capital and reserves
Share Capital 1 1
Profit and loss account 12,877 185
Shareholder's funds 12,878 186


The directors' statements required by Sections 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.

GSR Europe Ltd

Registered number: 07643405

Abbreviated balance sheet (continued)

Director's statements required by Sections 475(2) and (3)
for the year ended 31 May 2014

In approving these abbreviated accounts as director of the company I hereby confirm:

(a) that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31 May 2014 ; and
(c) that I acknowledge my responsibilities for:
(1) ensuring that the company keeps accounting records which comply with Section 386 ; and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008) relating to small companies.

The abbreviated accounts were approved by the Board on 8 July 2014 and signed on its behalf by
Grant Ring
Director

GSR Europe Ltd

Notes to the abbreviated financial statements

for the year ended 31 May 2014

1 Accounting policies
1.1

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).

1.2

Turnover

represents value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

1.3

Tangible fixed assets and depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor vehicles 25% straight line
Equipment, fixtures and fittings 25% straight line
1.4

Stocks

Stock is valued at the lower of cost and net realisable value.

4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2013 1,767 1,767 
At 31 May 2014 1,767 1,767 
Depreciation
At 1 June 2013 559 559 
Charge for the year 442 442 
At 31 May 2014 1,001 1,001 
Net book value
At 31 May 2014 766 766 
At 31 May 2013 1,208  1,208 


2014 2013
7 Creditors: amounts falling due within one year £ £
Corporation tax 10,419 9,454
VAT 2,104  1,946 
Director's loan account for Grant Ring 3,967  5,498 
16,490  16,898 


8 Share capital 2014 2013 2014 2013
No No £ £
Allotted, called up and fully paid:
Ordinary shares of £ 1 each 1 1 1 1


11 Controlling interest

The controlling and ultimate controlling party is Grant Ring, the director of the company, by virtue of the fact that he/she owns 100% of the issued share capital.



12 Going concern

The director has reviewed the twelve months ahead and has considered the company's financial position and notes no material uncertainties that may cast significant doubt about the ability of it to continue as a going concern.



GSR Europe Ltd 07643405 false true 2013-06-01 2014-05-31 2014-05-31 true 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. 07643405 2013-06-01 2014-05-31 07643405 2013-05-31 07643405 2014-05-31 07643405 uk-bus:OrdinaryShareClass1 2014-05-31 07643405 uk-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 07643405 uk-gaap:PlantMachinery 2013-05-31 07643405 uk-gaap:PlantMachinery 2014-05-31 07643405 uk-gaap:PlantMachinery 2013-06-01 2014-05-31 07643405 uk-gaap:MotorVehicles 2013-05-31 07643405 uk-gaap:MotorVehicles 2014-05-31 07643405 uk-gaap:MotorVehicles 2013-06-01 2014-05-31 07643405 uk-gaap:NetGoodwill 2014-05-31 07643405 uk-gaap:NetGoodwill 2013-06-01 07643405 uk-gaap:NetGoodwill 2013-06-01 2014-05-31 07643405 2012-06-01 2013-05-31 07643405 2013-05-31 07643405 uk-bus:OrdinaryShareClass1 2013-05-31 07643405 uk-bus:OrdinaryShareClass1 2012-06-01 2013-05-31 07643405 uk-gaap:PlantMachinery 2013-05-31 2014-05-31 07643405 uk-bus:Director1 2013-05-31 2014-05-31 07643405 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-06-01 2013-05-31 07643405 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-05-31 2014-05-31 07643405 uk-gaap:MotorVehicles 2013-05-31 2014-05-31 iso4217:GBP xbrli:shares