G H Building Team Limited - Accounts to registrar (filleted) - small 18.2

G H Building Team Limited - Accounts to registrar (filleted) - small 18.2

GH BUILDING TEAM LIMITED - Company Information

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REGISTERED NUMBER: 04624205 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

G H BUILDING TEAM LIMITED
G H BUILDING TEAM LIMITED (REGISTERED NUMBER: 04624205)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


G H BUILDING TEAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTOR: R Maybury





SECRETARY: A Bell





REGISTERED OFFICE: 30 Jacobs Hall Lane
Great Wyrley
Walsall
West Midlands
WS6 6AD





REGISTERED NUMBER: 04624205 (England and Wales)





ACCOUNTANTS: Shelvoke Pickering Janney LLP
Chartered Certified Accountants
57-61 Market Place
Cannock
Staffordshire
WS11 1BP
Page 1
G H BUILDING TEAM LIMITED (REGISTERED NUMBER: 04624205)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 220 294

CURRENT ASSETS
Debtors 5 1,870 1,250
Cash at bank 1,617 2,145
3,487 3,395
CREDITORS
Amounts falling due within one year 6 3,660 3,630
NET CURRENT LIABILITIES (173 ) (235 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
47
59

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 46 58
SHAREHOLDERS' FUNDS 47 59

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 July 2020 and were
signed by:





R Maybury - Director


The notes form part of these financial statements

Page 2
G H BUILDING TEAM LIMITED (REGISTERED NUMBER: 04624205)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

G H Building Team Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 3 continued...
G H BUILDING TEAM LIMITED (REGISTERED NUMBER: 04624205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2019
and 31 March 2020 3,645
DEPRECIATION
At 1 April 2019 3,351
Charge for year 74
At 31 March 2020 3,425
NET BOOK VALUE
At 31 March 2020 220
At 31 March 2019 294

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors - 1,250
Other debtors 1,870 -
1,870 1,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 2,970 2,852
Other creditors 690 778
3,660 3,630

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £12,600 (2019 - £12,700) were paid to the director .

The company is under the control of Mr R S Maybury who owned 100% (2019: 100%) of the issued
ordinary share capital.

At the balance sheet date, the director owed the company £1,870 (2019: Company owed the director
£89)
This was repaid after the year end.

Page 4