Glosale Limited - Limited company - abbreviated - 11.6

Glosale Limited - Limited company - abbreviated - 11.6

GLOSALE LIMITED - Company Information

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REGISTERED NUMBER: 01442470 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

GLOSALE LTD
T/A
CHEQUERS
D.R.E. & Co.
Chartered Accountants
6 Claremont Buildings
Claremont Bank
Shrewsbury
Shropshire
SY1 1RJ








GLOSALE LTD (REGISTERED NUMBER: 01442470)
T/A CHEQUERS






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 4

GLOSALE LTD
T/A CHEQUERS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTORS: Mr T A Roberts
Mr M M Beedles
Mrs K Wilkinson





REGISTERED OFFICE: 6 Claremont Buildings
Claremont Bank
Shrewsbury
Shropshire
SY1 1RJ





REGISTERED NUMBER: 01442470 (England and Wales)





ACCOUNTANTS: D.R.E. & Co.
Chartered Accountants
6 Claremont Buildings
Claremont Bank
Shrewsbury
Shropshire
SY1 1RJ
Page 1
GLOSALE LTD (REGISTERED NUMBER: 01442470)
T/A CHEQUERS

ABBREVIATED BALANCE SHEET
31 MARCH 2015

31.3.15 31.3.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,641 6,269

CURRENT ASSETS
Stocks 80,256 95,530
Debtors 2,744 1,834
Cash at bank and in hand 248 263
83,248 97,627
CREDITORS
Amounts falling due within one year 55,848 58,146
NET CURRENT ASSETS 27,400 39,481
TOTAL ASSETS LESS CURRENT
LIABILITIES
33,041
45,750

PROVISIONS FOR LIABILITIES 942 1,027
NET ASSETS 32,099 44,723

CAPITAL AND RESERVES
Called up share capital 3 300 300
Profit and loss account 31,799 44,423
SHAREHOLDERS' FUNDS 32,099 44,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

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



Mr T A Roberts - Director


The notes form part of these abbreviated accounts

Page 2
GLOSALE LTD (REGISTERED NUMBER: 01442470)
T/A CHEQUERS

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

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.

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

Furniture and equipment - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 27,401
DEPRECIATION
At 1 April 2014 21,132
Charge for year 628
At 31 March 2015 21,760
NET BOOK VALUE
At 31 March 2015 5,641
At 31 March 2014 6,269

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 31.3.14
value: £    £   
300 Ordinary £1 300 300

Page 3
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GLOSALE LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Glosale Ltd for the year ended 31 March 2015 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Glosale Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Glosale Ltd and state those matters that we have agreed to state to the Board of Directors of Glosale Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Glosale Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Glosale Ltd. You consider that Glosale Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Glosale Ltd. For this reason,
we have not verified the accuracy or completeness of the accounting records or information and explanations you have
given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co.
Chartered Accountants
6 Claremont Buildings
Claremont Bank
Shrewsbury
Shropshire
SY1 1RJ


7 September 2015

This page does not form part of the abbreviated accounts

Page 4