Abbreviated Company Accounts - G-WEST LIMITED

04557179 G-WEST LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 04557179 2014-01-01 2014-12-31 04557179 2014-12-31 04557179 2013-12-31 04557179 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 04557179 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 04557179

G-WEST LIMITED

Abbreviated Accounts

31 December 2014

G-WEST LIMITED Registered Number 04557179

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	6,284	9,079
Investments	4	1	1
		6,285	9,080
Current assets
Debtors		129,936	448,336
Cash at bank and in hand		1,969	525,670
		131,905	974,006
Creditors: amounts falling due within one year		(90,438)	(934,060)
Net current assets (liabilities)		41,467	39,946
Total assets less current liabilities		47,752	49,026
Total net assets (liabilities)		47,752	49,026
Capital and reserves
Called up share capital	5	1,000	1,000
Share premium account		2,999,000	2,999,000
Profit and loss account		(2,952,248)	(2,950,974)
Shareholders' funds		47,752	49,026

For the year ending 31 December 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 30 September 2015

And signed on their behalf by:
Mr D C Burgoyne, Director

G-WEST LIMITED Registered Number 04557179

Notes to the Abbreviated Accounts for the period ended 31 December 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 net invoiced sale of goods and services, excluding value added tax.

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

Computer Hardware & Software - 15% reducing balance method
Fixtures & Fittings - 15% reducing balance method
Plant & Equipment - 15% reducing balance method

Other accounting policies
Deferred taxation is accounted for in accordance with the requirements of FRS 19.

2Intangible fixed assets

	£
Cost
At 1 January 2014	2,934,042
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2014	2,934,042
Amortisation
At 1 January 2014	2,934,042
Charge for the year	0
On disposals	0
At 31 December 2014	2,934,042
Net book values
At 31 December 2014	0
At 31 December 2013	0

Intangible fixed assets comprises the goodwill for the purchase of the Company trading as G-West Limited (formerly Jive House Limited).

3Tangible fixed assets

	£
Cost
At 1 January 2014	82,982
Additions	0
Disposals	(3,500)
Revaluations	0
Transfers	0
At 31 December 2014	79,482
Depreciation
At 1 January 2014	73,903
Charge for the year	1,631
On disposals	(2,336)
At 31 December 2014	73,198
Net book values
At 31 December 2014	6,284
At 31 December 2013	9,079

4Fixed assets Investments
The following investment was held by the Company during the year:-

N G Europe Ltd
1 Ordinary Share of £1 at cost
Being the entire issued share capital of N G Europe Ltd.

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each (100 shares for 2013)	1,000	100