REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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GALA TENT LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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FOR |
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GALA TENT LIMITED |
GALA TENT LIMITED (REGISTERED NUMBER: 04270117) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
GALA TENT LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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GALA TENT LIMITED (REGISTERED NUMBER: 04270117) |
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ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2014 |
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30.11.14 | 30.11.13 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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GALA TENT LIMITED (REGISTERED NUMBER: 04270117) |
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ABBREVIATED BALANCE SHEET - continued |
30 NOVEMBER 2014 |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved and authorised for issue by the Board of Directors on
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GALA TENT LIMITED (REGISTERED NUMBER: 04270117) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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All fixed assets are initially recorded at cost. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date where transactions or events have occurred at that date |
that will result in an obligation to pay more, or a right to pay less or to receive more tax. |
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Deferred tax is measured on an undiscounted basis at the tax rates that are expected to |
apply in the periods in which timing differences reverse, based on tax rates and laws |
enacted or substantively enacted at the balance sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of |
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated |
into sterling at the rate of exchange ruling at the date of the transaction. Exchange |
differences are taken into account in arriving at the operating profit. |
GALA TENT LIMITED (REGISTERED NUMBER: 04270117) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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1. | ACCOUNTING POLICIES - continued |
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Hire purchase and operating lease agreements |
Assets held under hire purchase agreements are capitalised and disclosed under tangible |
fixed assets at their fair value. The capital element of the future payments is treated as a |
liability and the interest is charged to the profit and loss account on a straight line basis. |
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Rentals applicable to operating leases where substantially all of the benefits and risks of |
ownership remain with the lessor are charged against profits on a straight line basis over |
the period of the lease. |
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Pension costs |
The company contributes to employees own defined contribution pension schemes. The |
annual contributions payable are charged to the profit and loss account. |
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Financial instruments |
Financial liabilities and equity instruments are classified according to the substance of the |
contractual arrangements entered into. An equity instrument is any contract that evidences |
a residual interest in the assets of the entity after deducting all of its financial liabilities. |
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Employer financed retirement benefit schemes (efrbs) |
During the current accounting period the company made an additional contribution to a |
previously established employer financed retirement benefit scheme for the benefit of its |
officers, employees and their wider families, The Gala Tent Limited 2011 EFRBS ("the |
scheme"). |
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Investment property |
Investment property is included in the financial statements at historical cost. This treatment |
does not comply with the requirements of the Financial Reporting Standards for Smaller |
Entities (effective April 2008) which requires the property to be stated at market value. It is |
the view of the directors that a formal revaluation of the properties would not be |
commercially justifiable. |
GALA TENT LIMITED (REGISTERED NUMBER: 04270117) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2013 |
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Additions |
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Disposals | ( |
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At 30 November 2014 |
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DEPRECIATION |
At 1 December 2013 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 November 2014 |
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NET BOOK VALUE |
At 30 November 2014 |
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At 30 November 2013 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
Additions | 75 |
At 30 November 2014 | 75 |
NET BOOK VALUE |
At 30 November 2014 |
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GALA TENT LIMITED (REGISTERED NUMBER: 04270117) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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3. | FIXED ASSET INVESTMENTS - continued |
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The company's investments at the Balance Sheet date in the share capital of companies |
include the following: |
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Nature of business:
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Class of shares: | holding |
Ordinary Shares | 75.00 |
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£ | £ |
Aggregate capital and reserves | 1,323 | (7,634 | ) |
Profit/(loss) for the period | 9,691 | (7,734 | ) |
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4. | CREDITORS |
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Creditors include an amount of £
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been given. |
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They also include the following debts falling due in more than five years: |
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30.11.14 | 30.11.13 |
as |
restated |
£ | £ |
Repayable by instalments | 118,260 | 128,124 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.14 | 30.11.13 |
value: |
as
restated |
£ | £ |
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Ordinary | £1 |
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