Abbreviated Company Accounts - GENUINE BUILDERS LIMITED

GENUINE BUILDERS LIMITED - Company Information

06286458 GENUINE BUILDERS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 06286458 2015-04-01 2016-03-31 06286458 2016-03-31 06286458 2015-03-31 06286458 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06286458 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06286458

GENUINE BUILDERS LIMITED

Abbreviated Accounts

31 March 2016

GENUINE BUILDERS LIMITED Registered Number 06286458

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	35,759	39,010
Tangible assets	3	4,615	5,741
		40,374	44,751
Current assets
Stocks		1,545	12,800
Cash at bank and in hand		27,740	28,211
		29,285	41,011
Creditors: amounts falling due within one year		(62,594)	(63,933)
Net current assets (liabilities)		(33,309)	(22,922)
Total assets less current liabilities		7,065	21,829
Provisions for liabilities		(675)	(846)
Total net assets (liabilities)		6,390	20,983
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		6,290	20,883
Shareholders' funds		6,390	20,983

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 21 July 2016

And signed on their behalf by:
JOHN LYNCH, Director
MATHEW LYNCH, Director

GENUINE BUILDERS LIMITED Registered Number 06286458

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 amounts receivable for providing building works net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% Reducing Balance
Computer equipment - 30% Reducing Balance
Motor vehicles - 25% Reducing Balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
As at 31 March 2016, included in "Other Creditors" is £57,727 (2015: £45,421) owed to the directors.

2Intangible fixed assets

	£
Cost
At 1 April 2015	65,018
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	65,018
Amortisation
At 1 April 2015	26,008
Charge for the year	3,251
On disposals	-
At 31 March 2016	29,259
Net book values
At 31 March 2016	35,759
At 31 March 2015	39,010

3Tangible fixed assets

	£
Cost
At 1 April 2015	28,539
Additions	477
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	29,016
Depreciation
At 1 April 2015	22,798
Charge for the year	1,603
On disposals	-
At 31 March 2016	24,401
Net book values
At 31 March 2016	4,615
At 31 March 2015	5,741

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100