Abbreviated Company Accounts - G T M LIMITED

06471020 G T M LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 06471020 2013-05-01 2014-04-30 06471020 2014-04-30 06471020 2013-04-30 06471020 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 06471020 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 06471020

G T M LIMITED

Abbreviated Accounts

30 April 2014

G T M LIMITED Registered Number 06471020

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	8,045	10,076
		8,045	10,076
Current assets
Debtors		993	1,092
Cash at bank and in hand		65,702	66,296
		66,695	67,388
Net current assets (liabilities)		66,695	67,388
Total assets less current liabilities		74,740	77,464
Creditors: amounts falling due after more than one year	3	(158,518)	(156,287)
Total net assets (liabilities)		(83,778)	(78,823)
Capital and reserves
Called up share capital	4	150	150
Profit and loss account		(83,928)	(78,973)
Shareholders' funds		(83,778)	(78,823)

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 29 January 2015

And signed on their behalf by:
Mr G Broadwell, Director

G T M LIMITED Registered Number 06471020

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & fittings - 25% reducing balance
Office equipment - 25% reducing balance

Intangible assets amortisation policy
The intangible fixed asset comprises of a license to operate the business. It is amortised to the Profit and Loss account over it's estimated economic life.

2Tangible fixed assets

	£
Cost
At 1 May 2013	33,122
Additions	557
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	33,679
Depreciation
At 1 May 2013	23,046
Charge for the year	2,588
On disposals	-
At 30 April 2014	25,634
Net book values
At 30 April 2014	8,045
At 30 April 2013	10,076

3Creditors

	2014 £	2013 £
Secured Debts	86,907	93,195

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

	2014 £	2013 £
150 Ordinary shares of £1 each	150	150