Grey Diamond Limited - Abbreviated accounts 16.1

Grey Diamond Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 06790664 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST JANUARY 2016

FOR

GREY DIAMOND LIMITED

GREY DIAMOND LIMITED (REGISTERED NUMBER: 06790664)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST JANUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GREY DIAMOND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2016







DIRECTOR: Mr P A Cook



REGISTERED OFFICE: 11 Stratford Road
Shirley
Solihull
West Midlands
B90 3LU



REGISTERED NUMBER: 06790664 (England and Wales)



ACCOUNTANTS: Hawkins & Co.
Chartered Certified Accountants
11 Stratford Road
Shirley
Solihull
West Midlands
B90 3LU



BANKERS: Lloyds Bank
9 Birmingham Road
Sutton Coldfield
West Midlands
B72 1QA

GREY DIAMOND LIMITED (REGISTERED NUMBER: 06790664)

ABBREVIATED BALANCE SHEET
31ST JANUARY 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Debtors 42,305 1,679,618
Cash at bank 295,469 755
337,774 1,680,373
CREDITORS
Amounts falling due within one year 675,832 1,683,791
NET CURRENT LIABILITIES (338,058 ) (3,418 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(338,058

)

(3,418

)

CAPITAL AND RESERVES
Called up share capital 2 10 10
Profit and loss account (338,068 ) (3,428 )
SHAREHOLDERS' FUNDS (338,058 ) (3,418 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 20th October 2016 and were signed by:





Mr P A Cook - Director


GREY DIAMOND LIMITED (REGISTERED NUMBER: 06790664)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST JANUARY 2016

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 January 2015).

Turnover
Turnover represents income accrued in the accounting period from the provision of funds to borrowers and also
income arising from commodity trading.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10 Ordinary £1 10 10