Company Registration No. 07760013 (England and Wales)
G R P Build Limited
Abbreviated unaudited accounts
for the year ended 30 June 2016
G R P Build Limited
Abbreviated Balance Sheet
as at 30 June 2016
Tangible assets
80,710
62,504
Cash at bank and in hand
9,045
881
Creditors: amounts falling due within one year
(402,753)
(351,024)
Net current liabilities
(24,969)
(37,200)
Total assets less current liabilities
55,741
25,304
Creditors: amounts falling due after more than one year
(29,323)
(10,265)
Called up share capital
1,000
1,000
Revaluation reserve
9,880
11,115
Profit and loss account
15,538
2,924
Total shareholders' funds
26,418
15,039
For the year ending 30 June 2016 the company was entitled to exemption from audit 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 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 15 March 2017
D Bithell
Director
Company Registration No. 07760013
G R P Build Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line basis over the term of the lease
Plant & machinery
Straight line basis over 10 years
Motor vehicles
Straight line basis over 4 years
Fixtures & fittings
Straight line basis over 10 years
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Stocks and work-in-progress
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Charge for the year
10,328
G R P Build Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
Secured debts included in creditors
192,316
198,192
Other creditors of £192,316 represents advances from sales ledger financing. These advances are secured by a fixed and floating charge over the fixed assets of the company.
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
