G M Contractors (Waltham Abbey) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05655840 (England and Wales)

G M CONTRACTORS (WALTHAM ABBEY) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G Mockford

SECRETARY:

Ms K Mockford

REGISTERED OFFICE:

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

REGISTERED NUMBER:

05655840 (England and Wales)

ACCOUNTANTS:

Brindley Jacob

Chartered Accountants

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

BANKERS:

HSBC Bank plc

36 Highbridge Street

Waltham Abbey

Essex

EN9 1BT

FIXED ASSETS

Tangible assets

2

4,807

6,409

CURRENT ASSETS

Stocks

2,500

2,575

Debtors

8,955

11,213

Cash at bank and in hand

4,633

3,378

16,088

17,166

CREDITORS

Amounts falling due within one year

20,661

21,528

NET CURRENT LIABILITIES

(4,573

)

(4,362

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

234

2,047

CREDITORS

Amounts falling due after more than one
year

-

1,648

NET ASSETS

234

399

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

134

299

SHAREHOLDERS' FUNDS

234

399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 4 August 2016 and were signed by:

G Mockford - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

16,922

DEPRECIATION

At 1 January 2015

10,513

Charge for year

1,602

At 31 December 2015

12,115

NET BOOK VALUE

At 31 December 2015

4,807

At 31 December 2014

6,409

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100