Partnership Glu Limited - Limited company - abbreviated - 11.6

Partnership Glu Limited - Limited company - abbreviated - 11.6

PARTNERSHIP GLU LIMITED - Company Information

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REGISTERED NUMBER: 07527354 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Partnership Glu Limited

Partnership Glu Limited (Registered number: 07527354)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Partnership Glu Limited

Company Information
for the Year Ended 31 December 2014







DIRECTORS: Mr P Sloyan
Mr R Spencer





REGISTERED OFFICE: 39 Greystoke Park
Great North Road
Gosforth
Newcastle Upon Tyne
Tyne and Wear
NE3 2DZ





REGISTERED NUMBER: 07527354 (England and Wales)





ACCOUNTANTS: RHK Business Advisers LLP
Chartered Accountants
and Business Advisers
Coburg House
1 Coburg Street
Gateshead
Tyne & Wear
NE8 1NS
Page 1
Partnership Glu Limited (Registered number: 07527354)

Abbreviated Balance Sheet
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,101 2,170

CURRENT ASSETS
Debtors 1,344 180
Cash at bank 10,807 4,575
12,151 4,755
CREDITORS
Amounts falling due within one year 13,129 9,986
NET CURRENT LIABILITIES (978 ) (5,231 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
123
(3,061		 )

ACCRUALS AND DEFERRED INCOME - 1,333
NET ASSETS/(LIABILITIES) 123 (4,394 )

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 23 (4,494 )
SHAREHOLDERS' FUNDS 123 (4,394 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 May 2015 and were signed on its behalf by:




Mr P Sloyan - Director



Mr R Spencer - Director


The notes form part of these abbreviated accounts

Page 2
Partnership Glu Limited (Registered number: 07527354)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2014

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 services, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

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 etc - 33% on cost

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised
in respect of all timing differences that have originated but not reversed at the balance sheet date. However,
deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the
timing differences are expected to reverse, based on tax rates and laws that have been enacted by the
balance sheet date.

Grants
Grants received in respect of expenditure charged to the profit and loss account during the year have been
included in the profit and loss. The remainder are deferred and included in the profit and loss account by
instalments over the expected useful lives of the related assets.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 3,239
DEPRECIATION
At 1 January 2014 1,069
Charge for year 1,069
At 31 December 2014 2,138
NET BOOK VALUE
At 31 December 2014 1,101
At 31 December 2013 2,170

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

Page 3