Gareth Bilkey Building Contractors Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11817063 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Gareth Bilkey Building Contractors

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G N J Bilkey

A Bilkey

REGISTERED OFFICE:

Chy Lowen

Higher Killaworgey Farm

Blackcross

Newquay

Cornwall

TR8 4LU

REGISTERED NUMBER:

11817063 (England and Wales)

FIXED ASSETS

Tangible assets

4

23,854

4,381

CURRENT ASSETS

Stocks

1,000

2,405

Debtors

19,938

12,363

Cash at bank

62,772

59,388

83,710

74,156

CREDITORS

Amounts falling due within one year

74,824

66,362

NET CURRENT ASSETS

8,886

7,794

TOTAL ASSETS LESS CURRENT LIABILITIES

32,740

12,175

PROVISIONS FOR LIABILITIES

4,532

832

NET ASSETS

28,208

11,343

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

28,108

11,243

28,208

11,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2021 and were signed on its behalf by:

G N J Bilkey - Director

1.	STATUTORY INFORMATION

Gareth Bilkey Building Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tools and equipment

-

25% on cost

Plant and machinery

-

15% on cost

Motor vehicles

-

15% on cost

Office and computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

5,683

Additions

24,869

At 31 March 2021

30,552

DEPRECIATION

At 1 April 2020

1,302

Charge for year

5,396

At 31 March 2021

6,698

NET BOOK VALUE

At 31 March 2021

23,854

At 31 March 2020

4,381