Abbreviated Company Accounts - GALRAME LIMITED

Abbreviated Company Accounts - GALRAME LIMITED


Registered Number 01207125

GALRAME LIMITED

Abbreviated Accounts

30 April 2014

GALRAME LIMITED Registered Number 01207125

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Investments 2 10,167 10,167
10,167 10,167
Current assets
Cash at bank and in hand 6,964 4,553
6,964 4,553
Creditors: amounts falling due within one year (1,791) (1,750)
Net current assets (liabilities) 5,173 2,803
Total assets less current liabilities 15,340 12,970
Total net assets (liabilities) 15,340 12,970
Capital and reserves
Called up share capital 3 60 60
Profit and loss account 15,280 12,910
Shareholders' funds 15,340 12,970
  • For the year ending 30 April 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 4 July 2014

And signed on their behalf by:
Mr M C Foy, Director

GALRAME LIMITED Registered Number 01207125

Notes to the Abbreviated Accounts for the period ended 30 April 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.

Other accounting policies
Fixed asset investment

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2Fixed assets Investments
Investments held during the year at a cost of £10,167 (2013: £10,167)

3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
60 Ordinary shares of £1 each 60 60