Abbreviated Company Accounts - GPC JOINERY LTD.

Registered Number 08930800

GPC JOINERY LTD.

Abbreviated Accounts

31 March 2016

GPC JOINERY LTD. Registered Number 08930800

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,566	2,053
		7,566	2,053
Current assets
Stocks		4,160	950
Debtors		80,809	104,436
Cash at bank and in hand		26,189	18,191
		111,158	123,577
Creditors: amounts falling due within one year		(58,584)	(89,705)
Net current assets (liabilities)		52,574	33,872
Total assets less current liabilities		60,140	35,925
Total net assets (liabilities)		60,140	35,925
Capital and reserves
Called up share capital		10	10
Profit and loss account		60,130	35,915
Shareholders' funds		60,140	35,925

For the year ending 31 March 2016 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 14 June 2016

And signed on their behalf by:
Mr G Payne, Director

GPC JOINERY LTD. Registered Number 08930800

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 net invoiced sale of goods, excluding VAT

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows
Motor vehicles 25% on reducing balance
Tools & equipment 25% on reducing balance
Computer equipment 25% on reducing balance

Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making allowance for slow moving and obsolete items.

2Tangible fixed assets

	£
Cost
At 1 April 2015	2,850
Additions	7,300
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	10,150
Depreciation
At 1 April 2015	797
Charge for the year	1,787
On disposals	-
At 31 March 2016	2,584
Net book values
At 31 March 2016	7,566
At 31 March 2015	2,053