Abbreviated Company Accounts - GENUINE BUILDERS LIMITED

GENUINE BUILDERS LIMITED - Company Information

06286458 GENUINE BUILDERS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 06286458 2014-04-01 2015-03-31 06286458 2015-03-31 06286458 2014-03-31 06286458 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 06286458 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 06286458

GENUINE BUILDERS LIMITED

Abbreviated Accounts

31 March 2015

GENUINE BUILDERS LIMITED Registered Number 06286458

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	39,010	42,261
Tangible assets	3	5,741	7,697
		44,751	49,958
Current assets
Stocks		12,800	1,550
Debtors		-	3,408
Cash at bank and in hand		28,211	10,306
		41,011	15,264
Creditors: amounts falling due within one year		(63,933)	(34,704)
Net current assets (liabilities)		(22,922)	(19,440)
Total assets less current liabilities		21,829	30,518
Provisions for liabilities		(846)	(1,170)
Total net assets (liabilities)		20,983	29,348
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		20,883	29,248
Shareholders' funds		20,983	29,348

For the year ending 31 March 2015 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 10 June 2015

And signed on their behalf by:
JOHN LYNCH, Director
MATHEW LYNCH, Director

GENUINE BUILDERS LIMITED Registered Number 06286458

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 amounts receivable for providing building works net of VAT.

Tangible assets depreciation policy
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:
Plant and machinery - 25% reducing balance
Computer equipment - 30% reducing balance
Motor vehicle - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
As at 31 March 2015, included in "Other creditors" is £646 (2014: £1,688) owed to the directors.

2Intangible fixed assets

	£
Cost
At 1 April 2014	65,018
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	65,018
Amortisation
At 1 April 2014	22,757
Charge for the year	3,251
On disposals	-
At 31 March 2015	26,008
Net book values
At 31 March 2015	39,010
At 31 March 2014	42,261

3Tangible fixed assets

	£
Cost
At 1 April 2014	28,539
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	28,539
Depreciation
At 1 April 2014	20,842
Charge for the year	1,956
On disposals	-
At 31 March 2015	22,798
Net book values
At 31 March 2015	5,741
At 31 March 2014	7,697

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100