GBL Sculpting Limited - Abbreviated accounts

Registered number

08005411

GBL Sculpting Limited

Abbreviated Accounts

31 March 2015

Beasley & Co.

Chartered Accountants

Abbey House

105 Abbey Street

Nuneaton

Warwickshire

CV11 5BX

GBL Sculpting Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of GBL Sculpting Limited for the year ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of GBL Sculpting Limited for the year ended 31 March 2015 which comprise of 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/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Beasley & Co.
Chartered Accountants
Abbey House
105 Abbey Street
Nuneaton
Warwickshire
CV11 5BX

16 December 2015

GBL Sculpting Limited
Registered number:		08005411
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		387			516

Current assets
Debtors		3,488			5,511
Cash at bank and in hand		18,339			13,592
		21,827			19,103

Creditors: amounts falling due within one year		(21,150)			(16,626)

Net current assets			677			2,477

Total assets less current liabilities			1,064			2,993


Provisions for liabilities			(77)			(103)


Net assets			987			2,890

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			887			2,790

Shareholders' funds			987			2,890

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



G Bancroft-Livingston
Director
Approved by the board on 16 December 2015

GBL Sculpting Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and equipment			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					688
	At 31 March 2015					688

	Depreciation
	At 1 April 2014					172
	Charge for the year					129
	At 31 March 2015					301

	Net book value
	At 31 March 2015					387
	At 31 March 2014					516


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100