Abbreviated Company Accounts - G.B. HOMES (SW) LIMITED

G.B. HOMES (SW) LIMITED - Company Information

05174747 G.B. HOMES (SW) LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 05174747 2013-08-01 2014-07-31 05174747 2014-07-31 05174747 2013-07-31 05174747 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 05174747 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:Director3 2013-08-01 2014-07-31 uk-gaap-cd-bus:Director3 2014-07-31 uk-gaap-cd-bus:Director3 2013-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 05174747

G.B. HOMES (SW) LIMITED

Abbreviated Accounts

31 July 2014

G.B. HOMES (SW) LIMITED Registered Number 05174747

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,551	5,537
		4,551	5,537
Current assets
Stocks		402,223	447,011
Debtors		2,791	145
Cash at bank and in hand		20,903	263
		425,917	447,419
Creditors: amounts falling due within one year		(125,355)	(169,643)
Net current assets (liabilities)		300,562	277,776
Total assets less current liabilities		305,113	283,313
Provisions for liabilities		(695)	(783)
Total net assets (liabilities)		304,418	282,530
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		304,318	282,430
Shareholders' funds		304,418	282,530

For the year ending 31 July 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 29 April 2015

And signed on their behalf by:
T G BLIGHT, Director

G.B. HOMES (SW) LIMITED Registered Number 05174747

Notes to the Abbreviated Accounts for the period ended 31 July 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 the value, net of value added tax and discounts of the goods provided to customers and work carried out in respect of services provided to customers of the building and property development work undertaken by the Company.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% on a reducing balance basis
Motor vehicles 25% on a reducing balance basis
Computer 25% on a reducing balance basis

Valuation information and policy
Stock and Work in Progress is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred Taxation

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an undiscounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 August 2013	18,187
Additions	431
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	18,618
Depreciation
At 1 August 2013	12,650
Charge for the year	1,417
On disposals	-
At 31 July 2014	14,067
Net book values
At 31 July 2014	4,551
At 31 July 2013	5,537

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	T G K J Blight
Description of the transaction:	Net Movements
Balance at 1 August 2013:	£ 113,159
Advances or credits made:	-
Advances or credits repaid:	£ 45,541
Balance at 31 July 2014:	£ 67,618