Company Registration No. 03197015 (England and Wales)
GREY OWL MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
LB GROUP
82 East Hill
Colchester
Essex
CO1 2QW
GREY OWL MANAGEMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
GREY OWL MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
195
443
Current assets
Debtors
261
367
Cash at bank and in hand
39,384
47,145
39,645
47,512
Creditors: amounts falling due within one year
(16,478)
(25,816)
Net current assets
23,167
21,696
Total assets less current liabilities
23,362
22,139
Capital and reserves
Called up share capital
3
15,100
15,100
Profit and loss account
8,262
7,039
Shareholders' funds
23,362
22,139
For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 4 August 2016
Mr W M Anslow
Director
Company Registration No. 03197015
GREY OWL MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% straight line
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
1.6
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
GREY OWL MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2014
15,019
Disposals
(230)
At 30 November 2015
14,789
Depreciation
At 1 December 2014
14,576
On disposals
(138)
Charge for the year
156
At 30 November 2015
14,594
Net book value
At 30 November 2015
195
At 30 November 2014
443
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
15,100 Ordinary shares of £1 each
15,100
15,100