Abbreviated Company Accounts - G.B.XPERIENCE LTD.

Abbreviated Company Accounts - G.B.XPERIENCE LTD.

G.B.XPERIENCE LTD. - Company Information

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Registered Number SC193228

G.B.XPERIENCE LTD.

Abbreviated Accounts

31 March 2016

G.B.XPERIENCE LTD. Registered Number SC193228

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 1,490 1,944
Investments - -
1,490 1,944
Current assets
Stocks 1,500 1,750
Debtors 576 14,446
Investments - -
Cash at bank and in hand 11,834 18,005
13,910 34,201
Prepayments and accrued income - -
Creditors: amounts falling due within one year (15,096) (29,029)
Net current assets (liabilities) (1,186) 5,172
Total assets less current liabilities 304 7,116
Creditors: amounts falling due after more than one year 0 0
Total net assets (liabilities) 304 7,116
Capital and reserves
Called up share capital 100 100
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 204 7,016
Shareholders' funds 304 7,116
  • 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 19 December 2016

And signed on their behalf by:
Mrs E Bowie, Director

G.B.XPERIENCE LTD. Registered Number SC193228

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.


The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% Straight Line

Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Tangible fixed assets
£
Cost
At 1 April 2015 8,150
Additions 827
Disposals -
Revaluations -
Transfers -
At 31 March 2016 8,977
Depreciation
At 1 April 2015 6,206
Charge for the year 1,281
On disposals -
At 31 March 2016 7,487
Net book values
At 31 March 2016 1,490
At 31 March 2015 1,944