GKL Building & Civil Engineering Limited - Accounts to registrar - small 17.2
GKL Building & Civil Engineering Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| GKL Building & Civil Engineering Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2016 |
| GKL Building & Civil Engineering Limited (Registered number: 07272683) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2016 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| GKL Building & Civil Engineering Limited |
| Company Information |
| for the Year Ended 31 December 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 32 Thorpe Wood |
| Thorpe Wood Business Park |
| Peterborough |
| Cambridgeshire |
| PE3 6SR |
| GKL Building & Civil Engineering Limited (Registered number: 07272683) |
| Statement of Financial Position |
| 31 December 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| GKL Building & Civil Engineering Limited (Registered number: 07272683) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| GKL Building & Civil Engineering Limited is a private company, limited by shares, registered in England and Wales. The |
| company's registered number is 07272683 and registered office is GKL House, Club Way, Hampton, Peterborough, |
| Cambridgeshire, PE7 8JA. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost convention. |
| These financial statements have been prepared in accordance with Financial Reporting Standard 102 'The Financial |
| Reporting Standard applicable in the UK and Republic of Ireland' Section 1a - Small Entities (effective September 2015), |
| the Companies Act 2006 and Statutory Instrument 2015 No.980 'The Companies, Partnerships and Groups (Accounts and |
| Reports) Regulations 2015'. |
| The principal accounting policies adopted in the preparation of the financial statements are set out below. |
| Turnover |
| Turnover and other income represents value of sales made, excluding value added tax and is recognised when the |
| company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will |
| receive the previously agreed upon payment. |
| Property, plant and equipment |
| Plant and machinery | - |
| Motor vehicles | - |
| Office equipment | - |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
| financial position 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. |
| GKL Building & Civil Engineering Limited (Registered number: 07272683) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2016 |
| 3. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those |
| held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are |
| depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the income statement over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor | Office |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 December 2016 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows: |
| Plant and | Motor | Office |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 December 2016 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| GKL Building & Civil Engineering Limited (Registered number: 07272683) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Amounts owed by associates |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts and finance leases |
| Trade creditors |
| Amounts owed to associates | 94,898 | 705,783 |
| Tax |
| Social security and other taxes |
| VAT | 19,528 | 201,067 |
| Other creditors |
| Accruals |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts and finance leases |
| Amounts owed to associates | - | 65,850 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts and finance leases | 342,876 | 713,648 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| Ordinary A | £1 | 10 | 10 |
| Ordinary B | £1 | 10 | 10 |
| Ordinary C | £1 | 10 | 10 |
| Ordinary D | £1 | 10 | 10 |
| 140 | 140 |
| 10. | TRANSACTIONS WITH DIRECTORS |
| Dividends totalling £144,000 (2015 - £142,040) have been paid to the directors and their wives. |