GBSJ Limited
GBSJ Limited
Registered number: 09428772
Unaudited Financial Statements
For The Year Ended 28 February 2017
DEB Chartered Accountants
GBSJ Limited
Unaudited Financial Statements
For The Year Ended 28 February 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—7 |
GBSJ Limited
Balance Sheet
As at
28 February 2017
Balance Sheet
Registered number:
09428772
For the year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 28 February 2017 | Period to 29 February 2016 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Stocks | 7 |
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| Debtors | 8 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 9 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 10 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 312 | (788) | |||
Page 1
GBSJ Limited
Balance Sheet (continued)
As at
28 February 2017
Directors' responsibilities:
-
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 4 to 7 form part of these financial statements.
Page 2
GBSJ Limited
Statement of Changes in Equity
For The Year Ended 28 February 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 16 February 2015 |
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2 |
| Profit for the period and total comprehensive income | - |
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26,110 |
| Dividends paid | - | (26,900) | (26,900) |
| As at 29 February 2016 and 1 March 2016 |
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( |
(788) |
| Profit for the year and total comprehensive income | - |
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31,600 |
| Dividends paid | - | (30,500) | (30,500) |
| As at |
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312 |
Page 3
GBSJ Limited
Notes to the Unaudited Accounts
For The Year Ended 28 February 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Equipment Fixtures & Fittings |
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1.4.
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 28 February 2017 | Period to 29 February 2016 | ||
|---|---|---|---|
| Office and administration |
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| Sales, marketing and distribution |
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Page 4
GBSJ Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2017
6.
Tangible Assets
| Equipment Fixtures & Fittings | |
|---|---|
| £ | |
| Cost | |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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7.
Stocks
| 28 February 2017 | Period to 29 February 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - finished goods |
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8.
Debtors
| 28 February 2017 | Period to 29 February 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| Directors' loan accounts | 1,669 | - | |
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Page 5
GBSJ Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2017
9.
Creditors: Amounts Falling Due Within One Year
| 28 February 2017 | Period to 29 February 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Corporation tax |
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| PAYE control | - |
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| VAT |
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| Other Creditors - David Lamb Loan |
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| Accruals and deferred income |
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| Directors' loan accounts |
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11.
Other Commitments
At the end of the period the company had annual commitments under non-cancellable leases as follows:
| Other | ||
|---|---|---|
| 28 February 2017 | Period to 29 February 2016 | |
| £ | £ | |
| Leases due to expire | ||
| Between 1 and 5 years | 11,500 | 11,500 |
| 11,500 | 11,500 | |
12.
Transactions With and Loans to Directors
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | As at |
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| £ | £ | £ | £ | |
| Mrs Gemma Buckley |
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| Miss Sinead Jefferson |
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The above loan is unsecured, interest free and repayable on demand.
Page 6
GBSJ Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2017
Dividends paid to directors
13.
Dividends
| 28 February 2017 | Period to 29 February 2016 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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| 30,500 | 26,900 | ||
14.
Related Party Transactions
The balance on the directors' loan accounts of Mrs G Buckley & Miss S Jefferson at 28th February 2017 were £1,262 due to the director & £1,669 due from the director respectively (2016 - £277 & £1 due to the directors respectively).
During the year the directors received dividends totalling £30,500 (2016 £26,900).
15.
Ultimate Controlling Party
The company's ultimate controlling party is Miss S Jefferson and Mrs G Buckley by virtue of their ownership of 100% of the issued share capital in the company.
16.
General Information
GBSJ Limited Registered number 09428772 is a limited by shares company incorporated in England & Wales. The Registered Office is DEB House, 19 Middlewoods Way, Wharncliffe Business park, Carlton, Barnsley, S71 3HR.
Page 7