GT Valeting Services Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC313486 (Scotland)

Abbreviated Accounts for the Year Ended 5 April 2014

for

GT Valeting Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G R Tinney

REGISTERED OFFICE:

Unit 215 25 Clydesmill Road

Clydesmill Industrial Estate

Cambuslang

Glasgow

G32 8RE

REGISTERED NUMBER:

SC313486 (Scotland)

FIXED ASSETS

Tangible assets

2

17,721

19,664

CURRENT ASSETS

Debtors

7,412

7,618

Cash at bank

17,826

10,855

25,238

18,473

CREDITORS

Amounts falling due within one year

30,597

17,100

NET CURRENT (LIABILITIES)/ASSETS

(5,359

)

1,373

TOTAL ASSETS LESS CURRENT LIABILITIES

12,362

21,037

CREDITORS

Amounts falling due after more than one year

12,117

15,499

NET ASSETS

245

5,538

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

243

5,536

SHAREHOLDERS' FUNDS

245

5,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2014 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 10 December 2014 and were signed by:

G R Tinney - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6 April 2013

49,252

Additions

3,965

At 5 April 2014

53,217

DEPRECIATION

At 6 April 2013

29,588

Charge for year

5,908

At 5 April 2014

35,496

NET BOOK VALUE

At 5 April 2014

17,721

At 5 April 2013

19,664

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.14

5.4.13

value:

£

£

2

Ordinary

£1

2

2