Gem_Construction_&_Shopfi - Accounts

GEM CONSTRUCTION & SHOPFITTING LIMITED - Company Information

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Company Registration No. 03371149 (England and Wales)

Gem Construction & Shopfitting Limited

Abbreviated Accounts

For The Year Ended 30 June 2015

GEM CONSTRUCTION & SHOPFITTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

GEM CONSTRUCTION & SHOPFITTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

70,650

512,859

Debtors

462,085

594,545

Cash at bank and in hand

532,784

1,107,479

Creditors: amounts falling due within one year

(515,781)

(1,089,605)

Total assets less current liabilities

17,003

17,874

Capital and reserves

Called up share capital

10,000

Profit and loss account

7,003

7,874

Shareholders' funds

17,003

17,874

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 11 February 2016

Mr M A J Green

Director

Company Registration No. 03371149

GEM CONSTRUCTION & SHOPFITTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Leasing and hire purchase commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.4

Stock and work in progress

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

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £246,967 (2014 - £247,582).

Share capital

2015

2014

Allotted, called up and fully paid

10,000 Ordinary shares of £1 each

10,000

Ultimate parent company

The company is controlled by GEM Holdings (York) Limited, a company under the control of Mr M A J Green, a director.