| G&J MIDLANDS LIMITED |
| Registered number: |
08793568 |
| Abbreviated Balance Sheet |
| as at 30 November 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
282,506 |
|
|
313,663 |
|
| Current assets |
| Stocks |
|
|
2,458 |
|
|
- |
| Debtors |
|
|
1,313 |
|
|
1,313 |
| Cash at bank and in hand |
|
|
46,571 |
|
|
12,445 |
|
|
|
50,342 |
|
|
13,758 |
|
| Creditors: amounts falling due within one year |
|
|
(140,261) |
|
|
(157,658) |
|
| Net current liabilities |
|
|
|
(89,919) |
|
|
(143,900) |
|
| Total assets less current liabilities |
|
|
|
192,587 |
|
|
169,763 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(157,857) |
|
|
(194,285) |
|
|
|
| Net assets/(liabilities) |
|
|
|
34,730 |
|
|
(24,522) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
34,630 |
|
|
(24,622) |
|
| Shareholders' funds |
|
|
|
34,730 |
|
|
(24,522) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr Barinder Singh Johal |
| Director |
| Approved by the board on 15 August 2016 |
|
| G&J MIDLANDS LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 30 November 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
10% reducing balance method |
|
0 |
|
|
0 |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2014 |
348,515 |
|
Additions |
233 |
|
At 30 November 2015 |
348,748 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2014 |
34,852 |
|
Charge for the year |
31,390 |
|
At 30 November 2015 |
66,242 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2015 |
282,506 |
|
At 30 November 2014 |
313,663 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
