Gary G Bond Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06212478 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

Gary G Bond Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Bond

Mrs C J Bond

SECRETARY:

Mrs C J Bond

REGISTERED OFFICE:

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

REGISTERED NUMBER:

06212478 (England and Wales)

ACCOUNTANTS:

Copson Grandfield

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

FIXED ASSETS

Intangible assets

2

10,200

13,600

Tangible assets

3

721

226

10,921

13,826

CURRENT ASSETS

Stocks

35,884

25,685

Debtors

15,260

13,828

51,144

39,513

CREDITORS

Amounts falling due within one year

49,259

48,922

NET CURRENT ASSETS/(LIABILITIES)

1,885

(9,409

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,806

4,417

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

12,706

4,317

SHAREHOLDERS' FUNDS

12,806

4,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 December 2014 and were signed on its behalf by:

G Bond - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

34,000

AMORTISATION

At 1 June 2013

20,400

Amortisation for year

3,400

At 31 May 2014

23,800

NET BOOK VALUE

At 31 May 2014

10,200

At 31 May 2013

13,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

600

Additions

582

At 31 May 2014

1,182

DEPRECIATION

At 1 June 2013

374

Charge for year

87

At 31 May 2014

461

NET BOOK VALUE

At 31 May 2014

721

At 31 May 2013

226

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

100

Ordinary

£1

100

100