Abbreviated Company Accounts - GB ENERGY LIMITED

Registered Number 08459960

GB ENERGY LIMITED

Abbreviated Accounts

31 March 2014

GB ENERGY LIMITED Registered Number 08459960

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	877
		877
Current assets
Stocks		10,426
Debtors		63,272
Cash at bank and in hand		77,737
		151,435
Creditors: amounts falling due within one year		(65,215)
Net current assets (liabilities)		86,220
Total assets less current liabilities		87,097
Total net assets (liabilities)		87,097
Capital and reserves
Called up share capital		100
Profit and loss account		86,997
Shareholders' funds		87,097

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 March 2015

And signed on their behalf by:
G Bryce, Director

GB ENERGY LIMITED Registered Number 08459960

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sale of services excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each class of asset over its estimated useful life:

Computer Equipment - 50% reducing balance

2Tangible fixed assets

	£
Cost
Additions	1,754
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,754
Depreciation
Charge for the year	877
On disposals	-
At 31 March 2014	877
Net book values
At 31 March 2014	877