Gb Developments - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07850429 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2020

for

Gb Developments Building &

Refurbishment Specialists Ltd

Trading as

Gb Developments Building And

Refurbishment Specialists Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A H Lucy

REGISTERED OFFICE:

207 Rockingham Road

Kettering

Northamptonshire

NN16 9JA

REGISTERED NUMBER:

07850429 (England and Wales)

ACCOUNTANTS:

Nineteen Accountants Limited

207 Rockingham Road

Kettering

Northamptonshire

NN16 9JA

FIXED ASSETS

Tangible assets

4

28,312

11,320

CURRENT ASSETS

Debtors

5

2,772

-

Cash at bank

31,308

32,398

34,080

32,398

CREDITORS

Amounts falling due within one year

6

35,907

27,065

NET CURRENT (LIABILITIES)/ASSETS

(1,827

)

5,333

TOTAL ASSETS LESS CURRENT LIABILITIES

26,485

16,653

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

26,381

16,549

SHAREHOLDERS' FUNDS

26,485

16,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 5 December 2020 and were signed by:

A H Lucy - Director

1.	STATUTORY INFORMATION

Gb Developments Building & Refurbishment Specialists Ltd 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

Turnover 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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2019

17,500

Additions

18,992

At 30 November 2020

36,492

DEPRECIATION

At 1 December 2019

6,180

Charge for year

2,000

At 30 November 2020

8,180

NET BOOK VALUE

At 30 November 2020

28,312

At 30 November 2019

11,320

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Other debtors

2,772

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Bank loans and overdrafts

24,375

-

Trade creditors

-

(2

)

Taxation and social security

3,667

3,919

Other creditors

7,865

23,148

35,907

27,065