GTD Developments Limited - Abbreviated accounts

GTD Developments Limited - Abbreviated accounts


Registered number
05695631
GTD Developments Limited
Abbreviated Accounts
29 February 2016
GTD Developments Limited
Registered number: 05695631
Abbreviated Balance Sheet
as at 29 February 2016
Notes 2016 2015
£ £
Current assets
Stocks 1,362,076 1,362,076
Debtors 2,682 2,727
Cash at bank and in hand 47,894 15,393
1,412,652 1,380,196
Creditors: amounts falling due within one year (443,413) (436,261)
Net current assets 969,239 943,935
Total assets less current liabilities 969,239 943,935
Creditors: amounts falling due after more than one year (777,891) (796,754)
Net assets 191,348 147,181
Capital and reserves
Called up share capital 2 100 100
Profit and loss account 191,248 147,081
Shareholders' funds 191,348 147,181
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.
G Cummings
Director
Approved by the board on 4 November 2016
GTD Developments Limited
Notes to the Abbreviated Accounts
for the year ended 29 February 2016
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.
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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