Abbreviated Company Accounts - GOO GOO RETAIL LTD

GOO GOO RETAIL LTD - Company Information

Registered Number 07938015

GOO GOO RETAIL LTD

Abbreviated Accounts

31 January 2014

GOO GOO RETAIL LTD Registered Number 07938015

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	289	570
		289	570
Current assets
Stocks		2,600	4,000
Debtors		4,251	6,450
Cash at bank and in hand		7,775	1,412
		14,626	11,862
Creditors: amounts falling due within one year		(25,350)	(34,136)
Net current assets (liabilities)		(10,724)	(22,274)
Total assets less current liabilities		(10,435)	(21,704)
Total net assets (liabilities)		(10,435)	(21,704)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(10,437)	(21,706)
Shareholders' funds		(10,435)	(21,704)

For the year ending 31 January 2014 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 18 July 2014

And signed on their behalf by:
Nicholas Lindop, Director

GOO GOO RETAIL LTD Registered Number 07938015

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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 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.

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

Office equipment 33% straight line

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 February 2013	851
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	851
Depreciation
At 1 February 2013	281
Charge for the year	281
On disposals	-
At 31 January 2014	562
Net book values
At 31 January 2014	289
At 31 January 2013	570