Financial Statements
Company Registration No. 06993060 (England and Wales)
GNERGY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
Financial Statements
GNERGY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
Financial Statements
GNERGY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,106
11,722
Current assets
Debtors
58,298
29,139
Cash at bank and in hand
13,693
23,150
71,991
52,289
Creditors: amounts falling due within one year
(75,539)
(90,025)
Net current liabilities
(3,548)
(37,736)
Total assets less current liabilities
4,558
(26,014)
Creditors: amounts falling due after more than one year
(804,640)
(295,640)
(800,082)
(321,654)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(800,083)
(321,655)
Shareholders' funds
(800,082)
(321,654)
For the financial year ended 31 March 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 17 December 2015
Mr T D Dewan
Mr M Gurung
Director
Secretary
Company Registration No. 06993060
Financial Statements
GNERGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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).
Losses have been incurred in the year. The company is dependent on the support of the holding company, Gnergy Holdings Limited. At the year end funds of £804,640 had been provided.
On the basis of continued support the directors consider it appropriate to prepare these financial statements on a going concern basis.
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:
Fixtures, fittings & equipment
25% Straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
15,630
Additions
389
At 31 March 2015
16,019
Depreciation
At 1 April 2014
3,908
Charge for the year
4,005
At 31 March 2015
7,913
Net book value
At 31 March 2015
8,106
At 31 March 2014
11,722
Financial Statements
GNERGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1