Abbreviated Company Accounts - GALBUILD INVESTMENT LIMITED

GALBUILD INVESTMENT LIMITED - Company Information

09128516 GALBUILD INVESTMENT LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 09128516 2015-10-01 2016-09-30 09128516 2016-09-30 09128516 2015-09-30 09128516 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 09128516 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:Director3 2015-10-01 2016-09-30 uk-gaap-cd-bus:Director3 2016-09-30 uk-gaap-cd-bus:Director3 2015-09-30 iso4217:GBP shares

Registered Number 09128516

GALBUILD INVESTMENT LIMITED

Abbreviated Accounts

30 September 2016

GALBUILD INVESTMENT LIMITED Registered Number 09128516

Abbreviated Balance Sheet as at 30 September 2016

	2016	2015
	£	£
Current assets
Stocks	107,241	94,539
Debtors	233	1,595
Cash at bank and in hand	4,534	29,237
	112,008	125,371
Creditors: amounts falling due within one year	(141,005)	(152,439)
Net current assets (liabilities)	(28,997)	(27,068)
Total assets less current liabilities	(28,997)	(27,068)
Total net assets (liabilities)	(28,997)	(27,068)
Capital and reserves
Called up share capital	100	100
Profit and loss account	(29,097)	(27,168)
Shareholders' funds	(28,997)	(27,068)

For the year ending 30 September 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 29 June 2017

And signed on their behalf by:
A Gal, Director

GALBUILD INVESTMENT LIMITED Registered Number 09128516

Notes to the Abbreviated Accounts for the period ended 30 September 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 2015.

Turnover policy
Turnover represents the value of goods provided to customers during the period, plus the value of work performed during the period with respect of services.

There was no turnover in the period.

Other accounting policies
Stocks
Stocks & 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.

2Transactions with directors

Name of director receiving advance or credit:	The Directors
Description of the transaction:	Loan to the company
Balance at 1 October 2015:	£ 151,744
Advances or credits made:	£ 28,000
Advances or credits repaid:	£ 38,739
Balance at 30 September 2016:	£ 141,005

The loan to the company has no fixed date for repayment and no interest has been charged.