Genesis Contracting Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08984060 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 8 April 2014 to 31 May 2015

for

Genesis Contracting Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Dempster

S A Baldwin

J G Smith

D M Roberts

REGISTERED OFFICE:

Forest View

Longney

Gloucester

Gloucestershire

GL2 3SN

REGISTERED NUMBER:

08984060 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

The White House

162 Hucclecote Road

Hucclecote

Gloucester

Gloucestershire

GL3 3SH

BANKERS:

Lloyds Bank

19 Eastgate Street

Gloucester

Gloucestershire

GL1 1NU

FIXED ASSETS

Tangible assets

2

7,958

CURRENT ASSETS

Stocks

24,879

Debtors

46,640

Cash at bank and in hand

9,562

81,081

CREDITORS

Amounts falling due within one year

47,356

NET CURRENT ASSETS

33,725

TOTAL ASSETS LESS CURRENT LIABILITIES

41,683

PROVISIONS FOR LIABILITIES

1,592

NET ASSETS

40,091

CAPITAL AND RESERVES

Called up share capital

3

8

Profit and loss account

40,083

SHAREHOLDERS' FUNDS

40,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 November 2015 and were signed on its behalf by:

S A Baldwin - Director

P Dempster - Director

D M Roberts - Director

J G Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

Additions

10,611

At 31 May 2015

10,611

Depreciation

Charge for period

2,653

At 31 May 2015

2,653

Net book value

At 31 May 2015

7,958

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

4

Ordinary A

£1

4

4

Ordinary B Non Voting

£1

4

8

The following shares were allotted and fully paid for cash at par during the period:

4 Ordinary A shares of £1 each

4 Ordinary B Non Voting shares of £1 each