Company Registration No. 05637059 (England and Wales)
GRAHAM SLEE PROJECTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
GRAHAM SLEE PROJECTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
GRAHAM SLEE PROJECTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
50,027
35,045
Current assets
Stocks
10,000
4,000
Debtors
5,925
5,792
Cash at bank and in hand
162,447
145,344
178,372
155,136
Creditors: amounts falling due within one year
(33,363)
(34,534)
Net current assets
145,009
120,602
Total assets less current liabilities
195,036
155,647
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
194,936
155,547
Shareholders' funds
195,036
155,647
For the financial year ended 31 December 2014 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 10 June 2015
Mr G Slee
Director
Company Registration No. 05637059
GRAHAM SLEE PROJECTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 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).
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
15 Years straight line
Fixtures, fittings & equipment
25% Reducing Balance
Motor vehicles
25 % Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014
51,021
Additions
24,551
At 31 December 2014
75,572
Depreciation
At 1 January 2014
15,975
Charge for the year
9,570
At 31 December 2014
25,545
Net book value
At 31 December 2014
50,027
At 31 December 2013
35,045
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100