Georgeworks Limited - Period Ending 2013-12-31

Registration number: 07369909

Georgeworks Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

Auker Rhodes Accounting Limited
Chartered Accountants
Devonshire House
32-34 North Parade
Bradford
BD1 3HZ

Georgeworks Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Georgeworks Limited
(Registration number: 07369909)
Abbreviated Balance Sheet at 31 December 2013

		Note			31 December 2013 £			31 December 2012 £
Fixed assets
Tangible fixed assets					465,133			465,133
Current assets
Debtors					-			2,450
Cash at bank and in hand					7,762			1,975
					7,762			4,425
Creditors: Amounts falling due within one year					(420,493)			(449,669)
Net current liabilities					(412,731)			(445,244)
Net assets					52,402			19,889
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					52,401			19,888
Shareholders' funds					52,402			19,889

For the year ending 31 December 2013 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 director acknowledges his 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 director on 27 June 2014

.........................................
R E Mack
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Georgeworks Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 rents and dilapidations receivable in the year,

Investment properties

Tangible fixed assets are investment properties and as such have not been depreciated in accordance with SAPP 19 as included in the FRSSE (effective January 2007). The value of properties is regularly reviewed by the director.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2013		465,133			465,133
At 31 December 2013		465,133			465,133
Depreciation
At 31 December 2013		-			-
Net book value
At 31 December 2013		465,133			465,133
At 31 December 2012		465,133			465,133

Page 2

Georgeworks Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 December 2013						31 December 2012
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3