Gavbiz Ltd - Accounts to registrar - small 17.2

Gavbiz Ltd - Accounts to registrar - small 17.2

GAVBIZ LTD - Company Information

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REGISTERED NUMBER: 06605405 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

GAVBIZ LTD

GAVBIZ LTD (REGISTERED NUMBER: 06605405)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GAVBIZ LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: P Gawlik





REGISTERED OFFICE: 40-44 Uxbridge Road
Craven House Ground Floor
London
W5 2BS





REGISTERED NUMBER: 06605405 (England and Wales)





ACCOUNTANTS: Capital Business Links Ltd
Chartered Accountants
Craven House
Ground Floor
40-44 Uxbridge Road
Ealing
London
W5 2BS
Page 1
GAVBIZ LTD (REGISTERED NUMBER: 06605405)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,744 3,355

CURRENT ASSETS
Stocks 296,054 182,767
Debtors 5 322,856 298,493
Investments 6 139,822 -
Cash at bank 3,053 25,366
761,785 506,626
CREDITORS
Amounts falling due within one year 7 738,229 480,372
NET CURRENT ASSETS 23,556 26,254
TOTAL ASSETS LESS CURRENT LIABILITIES 32,300 29,609

CREDITORS
Amounts falling due after more than one year 8 6,988 6,988
NET ASSETS 25,312 22,621

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,212 22,521
SHAREHOLDERS' FUNDS 25,312 22,621

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2
GAVBIZ LTD (REGISTERED NUMBER: 06605405)

BALANCE SHEET - continued
31 DECEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 September 2017 and were signed by:





P Gawlik - Director


The notes form part of these financial statements

Page 3
GAVBIZ LTD (REGISTERED NUMBER: 06605405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Gavbiz Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number
and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

Page 4
GAVBIZ LTD (REGISTERED NUMBER: 06605405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 4,503
Additions 6,581
At 31 December 2016 11,084
DEPRECIATION
At 1 January 2016 1,148
Charge for year 1,192
At 31 December 2016 2,340
NET BOOK VALUE
At 31 December 2016 8,744
At 31 December 2015 3,355

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 315,606 298,493
Other debtors 7,250 -
322,856 298,493

6. CURRENT ASSET INVESTMENTS
2016 2015
£    £   
Other 139,822 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts 69,646 650
Trade creditors 342,979 204,101
Taxation and social security 155,435 99,370
Other creditors 170,169 176,251
738,229 480,372

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2016 2015
£    £   
Other creditors 6,988 6,988

Page 5