Abbreviated Company Accounts - GT DIVISIONS LIMITED

GT DIVISIONS LIMITED - Company Information

07341040 GT DIVISIONS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 07341040 2014-04-01 2015-03-31 07341040 2015-03-31 07341040 2014-03-31 07341040 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07341040 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07341040

GT DIVISIONS LIMITED

Abbreviated Accounts

31 March 2015

GT DIVISIONS LIMITED Registered Number 07341040

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,344	77
		1,344	77
Current assets
Stocks		30,500	31,367
Debtors		12,413	4,305
Cash at bank and in hand		49,032	11,940
		91,945	47,612
Creditors: amounts falling due within one year		(84,017)	(39,323)
Net current assets (liabilities)		7,928	8,289
Total assets less current liabilities		9,272	8,366
Creditors: amounts falling due after more than one year		(13,509)	(19,000)
Total net assets (liabilities)		(4,237)	(10,634)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(4,337)	(10,734)
Shareholders' funds		(4,237)	(10,634)

For the year ending 31 March 2015 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 8 October 2015

And signed on their behalf by:
Mr S Gibbins, Director

GT DIVISIONS LIMITED Registered Number 07341040

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings
and equipment - 20% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2014	250
Additions	2,014
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	2,264
Depreciation
At 1 April 2014	173
Charge for the year	747
On disposals	-
At 31 March 2015	920
Net book values
At 31 March 2015	1,344
At 31 March 2014	77

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100