GROSVENOR_CONSTRUCTION_SE - Accounts

GROSVENOR_CONSTRUCTION_SE - Accounts

GROSVENOR CONSTRUCTION SERVICES (BANBURY) LIMITED - Company Information

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Company Registration No. 01404430 (England and Wales)
GROSVENOR CONSTRUCTION SERVICES (BANBURY) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2015
GROSVENOR CONSTRUCTION SERVICES (BANBURY) LIMITED
CONTENTS
Page
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
GROSVENOR CONSTRUCTION SERVICES (BANBURY) LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY ACCOUNTS OF GROSVENOR CONSTRUCTION SERVICES (BANBURY) LIMITED
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grosvenor Construction Services (Banbury) Limited for the year ended 31 January 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Grosvenor Construction Services (Banbury) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Grosvenor Construction Services (Banbury) Limited and state those matters that we have agreed to state to the Board of Directors of Grosvenor Construction Services (Banbury) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grosvenor Construction Services (Banbury) Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Grosvenor Construction Services (Banbury) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Grosvenor Construction Services (Banbury) Limited. You consider that Grosvenor Construction Services (Banbury) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Grosvenor Construction Services (Banbury) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ellacotts LLP
29 October 2015
Accountants
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
GROSVENOR CONSTRUCTION SERVICES (BANBURY) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2015
31 January 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
178,127
188,503
Current assets
Debtors
19,312
17,328
Cash at bank and in hand
5
3
19,317
17,331
Creditors: amounts falling due within one year
(114,742)
(112,707)
Net current liabilities
(95,425)
(95,376)
Total assets less current liabilities
82,702
93,127
82,702
93,127
Capital and reserves
Called up share capital
3
198
198
Profit and loss account
82,504
92,929
Shareholders'  funds
82,702
93,127
For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 October 2015
Mr T R Blencowe
Director
Company Registration No. 01404430
GROSVENOR CONSTRUCTION SERVICES (BANBURY) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Freehold property
Cost over 50 years
Plant and machinery
33% on cost
Fixtures & fittings
33% on cost
Motor vehicles
25% reducing balance
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
GROSVENOR CONSTRUCTION SERVICES (BANBURY) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2015
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2014 & at 31 January 2015
229,719
Depreciation
At 1 February 2014
41,216
Charge for the year
10,376
At 31 January 2015
51,592
Net book value
At 31 January 2015
178,127
At 31 January 2014
188,503
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
198 Ordinary shares of £1 each
198
198
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