Greenfield Recovery Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04944509 (England and Wales)

Greenfield Recovery Limited

Abbreviated Unaudited Accounts

for the Period

1 December 2012 to 31 March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr R G E Till

REGISTERED OFFICE:

1 Victoria Square

Birmingham

B1 1BD

REGISTERED NUMBER:

04944509 (England and Wales)

ACCOUNTANTS:

Atkins Ferrie

Chartered Accountants

Lakeside Offices

The Old Cattle Market

Coronation Park

Helston

Cornwall

TR13 0SR

BANKERS:

Barclays plc

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

2

5,982

943

CURRENT ASSETS

Stocks

58,800

3,382

Cash at bank

124,594

12,928

183,394

16,310

CREDITORS

Amounts falling due within one year

78,662

7,624

NET CURRENT ASSETS

104,732

8,686

TOTAL ASSETS LESS CURRENT LIABILITIES

110,714

9,629

CREDITORS

Amounts falling due after more than one year

(90,000

)

-

PROVISIONS FOR LIABILITIES

(1,196

)

-

NET ASSETS

19,518

9,629

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

19,516

9,627

SHAREHOLDERS' FUNDS

19,518

9,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 31 December 2014 and were signed by:

Mr R G E Till - 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 services, excluding value added tax, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

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.

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 1 December 2012

4,447

Additions

9,509

At 31 March 2014

13,956

DEPRECIATION

At 1 December 2012

3,504

Charge for period

4,470

At 31 March 2014

7,974

NET BOOK VALUE

At 31 March 2014

5,982

At 30 November 2012

943

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2012

value:

£

£

2

Ordinary

£1

2

2