GB Asset Management Limited,Ltd - Accounts

GB ASSET MANAGEMENT LIMITED - Company Information

Print Friendly Version

GB Asset Management Limited

For the year ended 31 March 2014

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 04539341

Contents Page

GB Asset Management Limited

For the year ended 31 March 2014

Accountants' Report

Balance Sheet

Notes to the Abbreviated Financial Statements

GB Asset Management Limited

Accountants' Report

For the year ended 31 March 2014

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 31 March 2014 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you

to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accountancy & Business Solutions

Briarfield

Cross Stone Road

Todmorden

Lancashire

OL14 8RA

18 October 2014

Dated:

1 of 3

Abbreviated Balance Sheet

GB Asset Management Limited

As at 31 March 2014

04539341

Registered Number :

2014

Notes

2013

Fixed assets

Tangible assets

805,000

Current assets

Debtors

1,087,546

159,217

Cash at bank and in hand

141,841

56,679

301,058

1,144,225

Creditors: amounts falling due within one year

(1,142,824)

(261,626)

1,401

39,432

Net current assets

Total assets less current liabilities

844,432

806,401

844,432

Net assets

806,401

Capital and reserves

Called up share capital

100

312,493

Reserves

Profit and loss account

531,839

493,808

844,432

806,401

Shareholders funds

For the year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

2) The director acknowledges his 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.

Date approved by the board: 18 October 2014

Gary Paul Gardner Director

Signed on behalf of the board of directors

2 of 3

Notes to the Abbreviated Financial Statements

GB Asset Management Limited

For the year ended 31 March 2014

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it is

likely that there has been a material change in value.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

805,000

At 01 April 2013

At 31 March 2014

805,000

Net book values

At 31 March 2014

805,000

At 31 March 2013

3 Share capital

Allotted called up and fully paid

2014

2013

100 Ordinary shares of £1.00 each

100

3 of 3