Abbreviated Company Accounts - G.B. HOMES (SW) LIMITED

G.B. HOMES (SW) LIMITED - Company Information

05174747 G.B. HOMES (SW) LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 05174747 2015-08-01 2016-07-31 05174747 2016-07-31 05174747 2015-07-31 05174747 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 05174747 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:Director3 2015-08-01 2016-07-31 uk-gaap-cd-bus:Director3 2016-07-31 uk-gaap-cd-bus:Director3 2015-07-31 uk-gaap-cd-bus:Director4 2015-08-01 2016-07-31 uk-gaap-cd-bus:Director4 2016-07-31 uk-gaap-cd-bus:Director4 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 05174747

G.B. HOMES (SW) LIMITED

Abbreviated Accounts

31 July 2016

G.B. HOMES (SW) LIMITED Registered Number 05174747

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	13,036	3,593
		13,036	3,593
Current assets
Stocks		-	200,000
Debtors		22,192	97,251
Cash at bank and in hand		322,914	165,787
		345,106	463,038
Creditors: amounts falling due within one year		(11,774)	(64,784)
Net current assets (liabilities)		333,332	398,254
Total assets less current liabilities		346,368	401,847
Provisions for liabilities		(2,607)	(719)
Total net assets (liabilities)		343,761	401,128
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		343,661	401,028
Shareholders' funds		343,761	401,128

For the year ending 31 July 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 10 February 2017

And signed on their behalf by:
T G Blight, Director

G.B. HOMES (SW) LIMITED Registered Number 05174747

Notes to the Abbreviated Accounts for the period ended 31 July 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 January 2015.

Turnover policy
Turnover represents the value of residential properties sold during the year adjusted for work in progress.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant and machinery 20% on a reducing balance basis
Motor vehicles 25% on a reducing balance basis
Computer 25% on a reducing balance basis

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 August 2015	18,768
Additions	16,150
Disposals	(13,676)
Revaluations	-
Transfers	-
At 31 July 2016	21,242
Depreciation
At 1 August 2015	15,175
Charge for the year	4,273
On disposals	(11,242)
At 31 July 2016	8,206
Net book values
At 31 July 2016	13,036
At 31 July 2015	3,593

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	T G Blight
Description of the transaction:	Interest free loan
Balance at 1 August 2015:	£ 47,500
Advances or credits made:	-
Advances or credits repaid:	£ 42,201
Balance at 31 July 2016:	£ 5,299

Name of director receiving advance or credit:	Mrs K J Blight
Description of the transaction:	Interest free loan
Balance at 1 August 2015:	£ 47,500
Advances or credits made:	-
Advances or credits repaid:	£ 42,202
Balance at 31 July 2016:	£ 5,298