Abbreviated Company Accounts - GRANTLEY LOWE LIMITED

GRANTLEY LOWE LIMITED - Company Information

06478663 GRANTLEY LOWE LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 06478663 2014-05-01 2015-04-30 06478663 2015-04-30 06478663 2014-04-30 06478663 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 06478663 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-30 iso4217:GBP shares

Registered Number 06478663

GRANTLEY LOWE LIMITED

Abbreviated Accounts

30 April 2015

GRANTLEY LOWE LIMITED Registered Number 06478663

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	100,000	200,000
Tangible assets	3	6,547	18,995
		106,547	218,995
Current assets
Stocks		37,493	33,200
Debtors		195,371	95,641
Cash at bank and in hand		268,465	258,947
		501,329	387,788
Creditors: amounts falling due within one year		(378,293)	(406,585)
Net current assets (liabilities)		123,036	(18,797)
Total assets less current liabilities		229,583	200,198
Provisions for liabilities		(1,055)	(1,524)
Total net assets (liabilities)		228,528	198,674
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		227,528	197,674
Shareholders' funds		228,528	198,674

For the year ending 30 April 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 28 January 2016

And signed on their behalf by:
R Lowe, Director

GRANTLEY LOWE LIMITED Registered Number 06478663

Notes to the Abbreviated Accounts for the period ended 30 April 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
Income is recognised on an accruals basis according to delivery of the goods and services supplied.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Valuation information and policy
Stocks
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

2Intangible fixed assets

	£
Cost
At 1 May 2014	500,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	500,000
Amortisation
At 1 May 2014	300,000
Charge for the year	100,000
On disposals	-
At 30 April 2015	400,000
Net book values
At 30 April 2015	100,000
At 30 April 2014	200,000

3Tangible fixed assets

	£
Cost
At 1 May 2014	50,890
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	50,890
Depreciation
At 1 May 2014	31,895
Charge for the year	12,448
On disposals	-
At 30 April 2015	44,343
Net book values
At 30 April 2015	6,547
At 30 April 2014	18,995

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
900 A Ordinary shares of £1 each	900	900
100 B Ordinary shares of £1 each	100	100