Registered Number 07140064
GEALES CHELSEA LTD
Abbreviated Accounts
31 December 2014
Notes | 2014 | 2013 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Creditors: amounts falling due after more than one year |
|
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures and fittings - 10% on cost
Plant and machinery etc - 20% on cost and 10% on cost
Stamp duty - 10% on cost
Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Other accounting policies
The company's liabilities exceed its assets by £655,012 (2013: £502,004). The company depends on the continuing financial support of its parent associated companies and a director who has confirmed his ongoing financial support of the company and his ability to do so for the foreseeable future. For this reason the financial statements have been prepared on a going concern basis.
Ultimate parent company
Concept Venues Ltd is regarded by the directors as being the company's ultimate parent company.
£ | |
---|---|
Cost | |
At 1 January 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 December 2014 |
|
Depreciation | |
At 1 January 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 December 2014 |
|
Net book values | |
At 31 December 2014 | 70,275 |
At 31 December 2013 | 86,801 |