GT Builders Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04456164 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

GT BUILDERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G Taylor

SECRETARY:

Mrs A Taylor

REGISTERED OFFICE:

c/o BOWYERS ACCOUNTANTS

Court Building, Alexandra Park

Prescot Rd

ST HELENS

Merseyside

WA10 3TP

REGISTERED NUMBER:

04456164 (England and Wales)

ACCOUNTANT:

Bowyers Limited

Chartered Certified Accountant

The Court, Alexandra Park

Prescot Rd

ST HELENS

Merseyside

WA10 3TP

FIXED ASSETS

Tangible assets

2

7,836

10,445

CURRENT ASSETS

Cash at bank and in hand

460

7,509

CREDITORS

Amounts falling due within one year

3

56,201

54,688

NET CURRENT LIABILITIES

(55,741

)

(47,179

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,905

)

(36,734

)

CREDITORS

Amounts falling due after more than
one year

3

5,808

13,235

NET LIABILITIES

(53,713

)

(49,969

)

CAPITAL AND RESERVES

Called up share capital

4

101

Profit and loss account

(53,814

)

(50,070

)

SHAREHOLDERS' FUNDS

(53,713

)

(49,969

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 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 10th December 2016 and were signed
by:

G Taylor - 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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to

the company's pension scheme are charged to the profit and loss account in the period to

which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

16,083

DEPRECIATION

At 1st April 2015

5,638

Charge for year

2,609

At 31st March 2016

8,247

NET BOOK VALUE

At 31st March 2016

7,836

At 31st March 2015

10,445

3.

CREDITORS

Creditors include an amount of £ 22,512 (2015 - £ 16,845 ) for which security has been

given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary A shares

1

100

1

Ordinary B Shares

1

101