Abbreviated Company Accounts - GREY WOLF LIMITED

05274934 GREY WOLF LIMITED 2014-11-30 false 2013-12-01 2014-11-30 true 05274934 2013-12-01 2014-11-30 05274934 2014-11-30 05274934 2013-11-30 05274934 uk-gaap-cd-bus:Director1 2013-12-01 2014-11-30 05274934 uk-gaap-cd-bus:Director2 2013-12-01 2014-11-30 uk-gaap-cd-bus:Director3 2013-12-01 2014-11-30 uk-gaap-cd-bus:Director3 2014-11-30 uk-gaap-cd-bus:Director3 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-11-30 iso4217:GBP shares

Registered Number 05274934

GREY WOLF LIMITED

Abbreviated Accounts

30 November 2014

GREY WOLF LIMITED Registered Number 05274934

Abbreviated Balance Sheet as at 30 November 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	-	3,334
		-	3,334
Current assets
Debtors		58,605	164,982
Cash at bank and in hand		13,559	6,368
		72,164	171,350
Creditors: amounts falling due within one year		(71,778)	(171,714)
Net current assets (liabilities)		386	(364)
Total assets less current liabilities		386	2,970
Accruals and deferred income		-	(1,200)
Total net assets (liabilities)		386	1,770
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		384	1,768
Shareholders' funds		386	1,770

For the year ending 30 November 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 29 June 2015

And signed on their behalf by:
H E Sinclair, Director

GREY WOLF LIMITED Registered Number 05274934

Notes to the Abbreviated Accounts for the period ended 30 November 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 total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Fixtures, fittings and equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 December 2013	25,021
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	25,021
Depreciation
At 1 December 2013	21,687
Charge for the year	3,334
On disposals	-
At 30 November 2014	25,021
Net book values
At 30 November 2014	0
At 30 November 2013	3,334

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary share of £1 each	1	1
1 B Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	H E Sinclair
Description of the transaction:	Advances to director
Balance at 1 December 2013:	£ 126,461
Advances or credits made:	£ 19,063
Advances or credits repaid:	£ 94,000
Balance at 30 November 2014:	£ 51,524