Green Fuse Limited
|
Registered number: |
04076212
|
Abbreviated Balance Sheet |
as at 31 October 2014
|
|
Notes |
|
|
2014 |
|
|
2013 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
47,475 |
|
|
58,477 |
|
Current assets |
Stocks |
|
|
750 |
|
|
720 |
Debtors |
|
|
12,763 |
|
|
11,697 |
Cash at bank and in hand |
|
|
246 |
|
|
16,080 |
|
|
|
13,759 |
|
|
28,497 |
|
Creditors: amounts falling due within one year |
|
|
(77,334) |
|
|
(82,459) |
|
Net current liabilities |
|
|
|
(63,575) |
|
|
(53,962) |
|
Total assets less current liabilities |
|
|
|
(16,100) |
|
|
4,515 |
|
|
Provisions for liabilities |
|
|
|
(4,230) |
|
|
(5,152) |
|
|
Net liabilities |
|
|
|
(20,330) |
|
|
(637) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
(20,332) |
|
|
(639) |
|
Shareholders' funds |
|
|
|
(20,330) |
|
|
(637) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
J. Morrell |
Director |
Approved by the board on 17 July 2015
|
|
Green Fuse Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 October 2014
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures, fittings & equipment |
15% reducing balance
|
|
Improvents to leasehold property |
straight line over the remaining term of the lease |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2013 |
81,819 |
|
At 31 October 2014 |
81,819 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2013 |
23,342 |
|
Charge for the year |
11,002 |
|
At 31 October 2014 |
34,344 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2014 |
47,475 |
|
At 31 October 2013 |
58,477 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|