GENERATION_PB_LIMITED - Accounts

GENERATION PB LIMITED - Company Information

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Company Registration No. 08779541 (England and Wales)

GENERATION PB LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2015

Abbey House

Hickleys Court

South Street

Farnham

GU9 7QQ

GENERATION PB LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

GENERATION PB LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Current assets

Debtors

7,234

940

Cash at bank and in hand

4,372

4,957

11,606

5,897

Creditors: amounts falling due within one year

(9,048)

(6,690)

Total assets less current liabilities

2,558

(793)

Capital and reserves

Called up share capital

Profit and loss account

2,548

(803)

Shareholders' funds

2,558

(793)

For the financial year ended 30 November 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 August 2016

Mr H. K. B. Bowden

Mr J. Dyble

Director

Company Registration No. 08779541

GENERATION PB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 2 -

Accounting policies

1.1

Basis of accounting

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.5

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of 1p each