Abbreviated Company Accounts - GARFIELD BUILDERS LIMITED

GARFIELD BUILDERS LIMITED - Company Information

01255403 GARFIELD BUILDERS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 01255403 2014-04-01 2015-03-31 01255403 2015-03-31 01255403 2014-03-31 01255403 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 01255403 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 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 iso4217:GBP shares

Registered Number 01255403

GARFIELD BUILDERS LIMITED

Abbreviated Accounts

31 March 2015

GARFIELD BUILDERS LIMITED Registered Number 01255403

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	273,774	224,546
		273,774	224,546
Current assets
Stocks		47,745	37,076
Debtors		1,009,629	683,832
Cash at bank and in hand		49,476	99,406
		1,106,850	820,314
Creditors: amounts falling due within one year		(885,141)	(572,533)
Net current assets (liabilities)		221,709	247,781
Total assets less current liabilities		495,483	472,327
Creditors: amounts falling due after more than one year		(108,593)	(90,399)
Provisions for liabilities		(42,764)	(28,623)
Total net assets (liabilities)		344,126	353,305
Capital and reserves
Called up share capital	3	125	125
Other reserves		99	99
Profit and loss account		343,902	353,081
Shareholders' funds		344,126	353,305

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 21 December 2015

And signed on their behalf by:
J P Fowler, Director

GARFIELD BUILDERS LIMITED Registered Number 01255403

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 chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows:
Improvements to property 20% straight line
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard
for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated
costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of
fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 April 2014	363,566
Additions	190,310
Disposals	(89,289)
Revaluations	-
Transfers	-
At 31 March 2015	464,587
Depreciation
At 1 April 2014	139,020
Charge for the year	87,229
On disposals	(35,436)
At 31 March 2015	190,813
Net book values
At 31 March 2015	273,774
At 31 March 2014	224,546

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100
25 Ordinary non voting shares of £1 each	25	25