Company Registration No. 02099556 (England and Wales)
GRAHAM FIRTH COMMUNICATIONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
GRAHAM FIRTH COMMUNICATIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
GRAHAM FIRTH COMMUNICATIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
290,106
325,493
Current assets
Debtors
195,981
247,652
Cash at bank and in hand
402,466
216,067
598,447
463,719
Creditors: amounts falling due within one year
(750,514)
(704,815)
Net current liabilities
(152,067)
(241,096)
Total assets less current liabilities
138,039
84,397
Capital and reserves
Called up share capital
3
6,000
6,000
Profit and loss account
132,039
78,397
Shareholders' funds
138,039
84,397
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 3 June 2015
G. L. Firth
Director
Company Registration No. 02099556
GRAHAM FIRTH COMMUNICATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% Reducing balance, 20% and 33.33% straight line
Fixtures, fittings & equipment
20% Reducing balance and 33.33% straight line
Motor vehicles
25% Reducing balance
1.4
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2013
1,767,677
Additions
221,517
Disposals
(92,138)
At 30 September 2014
1,897,056
Depreciation
At 1 October 2013
1,442,184
On disposals
(62,986)
Charge for the year
227,752
At 30 September 2014
1,606,950
Net book value
At 30 September 2014
290,106
At 30 September 2013
325,493
GRAHAM FIRTH COMMUNICATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
6,000 Ordinary shares of £1 each
6,000
6,000
2014-09-302013-10-01falsetruetruetruetruetruetmp62AC.html2015-06-05020995562013-10-012014-09-30020995562014-09-30020995562013-09-30020995562013-09-3002099556uk-bus:Director12013-10-012014-09-3002099556uk-gaap:PlantMachinery2013-10-012014-09-3002099556uk-gaap:FixturesFittingsToolsEquipment2013-10-012014-09-3002099556uk-gaap:MotorVehicles2013-10-012014-09-3002099556uk-bus:OrdinaryShareClass12013-10-012014-09-3002099556uk-bus:OrdinaryShareClass12014-09-3002099556uk-bus:OrdinaryShareClass12013-09-30xbrli:purexbrli:sharesiso4217:GBP
