Accounts Submission

GREAT BRITISH COLLECTIONS LTD - Company Information

Company Accounts and Tax Online 08541059 Board of Directors 1.6.16 31.5.17 31.5.17 No description of principal activity false iso4217:GBP xbrli:pure 08541059 2015-06-01 2016-05-31 08541059 2017-05-31 08541059 2016-06-01 2017-05-31 08541059 2016-05-31 08541059 countries:EnglandWales 2016-06-01 2017-05-31 08541059 curr:PoundSterling 2016-06-01 2017-05-31 08541059 uk-bus:PrivateLimitedCompanyLtd 2016-06-01 2017-05-31 08541059 uk-bus:FRS102 2016-06-01 2017-05-31 08541059 uk-bus:AuditExempt-NoAccountantsReport 2016-06-01 2017-05-31 08541059 uk-bus:FullAccounts 2016-06-01 2017-05-31 08541059 uk-bus:RegisteredOffice 2016-06-01 2017-05-31 08541059 uk-bus:Director1 2016-06-01 2017-05-31 08541059 uk-bus:Director1 2016-06-01 08541059 uk-bus:Director1 2017-05-31 08541059 core:AfterOneYear 2017-05-31 08541059 core:AfterOneYear 2016-05-31 08541059 core:WithinOneYear 2017-05-31 08541059 core:WithinOneYear 2016-05-31 08541059 core:WithinOneYear 2016-06-01 2017-05-31 08541059 core:AfterOneYear 2017-05-31 08541059 core:AfterOneYear 2016-05-31 08541059 core:AfterOneYear 2016-06-01 2017-05-31 08541059 core:ShareCapital 2017-05-31 08541059 core:ShareCapital 2016-05-31 08541059 core:RevaluationReserve 2017-05-31 08541059 core:RevaluationReserve 2016-05-31 08541059 core:RetainedEarningsAccumulatedLosses 2017-05-31 08541059 core:RetainedEarningsAccumulatedLosses 2016-05-31 08541059 1 2016-06-01 2017-05-31 08541059 core:LandBuildings 2016-06-01 2017-05-31 08541059 core:LandBuildings 2017-05-31 08541059 core:LandBuildings 2015-06-01 2016-05-31 08541059 core:LandBuildings 2016-05-31 08541059 core:PlantMachinery 2016-06-01 2017-05-31 08541059 core:PlantMachinery 2017-05-31 08541059 core:PlantMachinery 2015-06-01 2016-05-31 08541059 core:PlantMachinery 2016-05-31 08541059 core:FurnitureFittingsToolsEquipment 2016-06-01 2017-05-31 08541059 core:FurnitureFittingsToolsEquipment 2017-05-31 08541059 core:FurnitureFittingsToolsEquipment 2015-06-01 2016-05-31 08541059 core:FurnitureFittingsToolsEquipment 2016-05-31 08541059 core:OfficeEquipment 2016-06-01 2017-05-31 08541059 core:OfficeEquipment 2017-05-31 08541059 core:OfficeEquipment 2015-06-01 2016-05-31 08541059 core:OfficeEquipment 2016-05-31 08541059 core:Vehicles 2016-06-01 2017-05-31 08541059 core:Vehicles 2017-05-31 08541059 core:Vehicles 2015-06-01 2016-05-31 08541059 core:Vehicles 2016-05-31 08541059 core:NetGoodwill 2016-06-01 2017-05-31 08541059 core:NetGoodwill 2017-05-31 08541059 core:NetGoodwill 2015-06-01 2016-05-31 08541059 core:NetGoodwill 2016-05-31 08541059 core:IntangibleAssetsOtherThanGoodwill 2016-06-01 2017-05-31 08541059 core:IntangibleAssetsOtherThanGoodwill 2017-05-31 08541059 core:IntangibleAssetsOtherThanGoodwill 2015-06-01 2016-05-31 08541059 core:IntangibleAssetsOtherThanGoodwill 2016-05-31

Company Registration Number:
08541059 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2017

Period of accounts

Start date: 01 June 2016

End date: 31 May 2017

Contents of the Financial Statements

for the Period Ended 31 May 2017


Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 8

Profit and Loss Account

for the Period Ended 31 May 2017

	2017 £	2016 £
Turnover	529,956	348,606
Cost of sales	(182,805)	(92,603)
Gross Profit or (Loss)	347,151	256,003
Administrative Expenses	(273,018)	(182,378)
Operating Profit or (Loss)	74,133	73,625
Profit or (Loss) Before Tax	74,133	73,625
Tax on Profit	-	(14,725)
Profit or (Loss) for Period	74,133	58,900

The notes form part of these financial statements

Balance sheet

As at 31 May 2017

	Notes	2017 £	2016 £
Fixed assets
Tangible assets:	2	407,500	407,500
Total fixed assets:		407,500	407,500
Current assets
Stocks:		90,652	111,245
Cash at bank and in hand:		16,724	17,874
Total current assets:		107,376	129,119
Creditors: amounts falling due within one year:	3	( 25,040 )	( 76,719 )
Net current assets (liabilities):		82,336	52,400
Total assets less current liabilities:		489,836	459,900
Creditors: amounts falling due after more than one year:	4	( 400,000 )	( 400,000 )
Provision for liabilities:		( 14,703 )
Total net assets (liabilities):		75,133	59,900

The notes form part of these financial statements

Balance sheet continued

As at 31 May 2017

	2017 £	2016 £
Capital and reserves
Called up share capital:	1,000	1,000
Profit and loss account:	74,133	58,900
Shareholders funds:	75,133	59,900

For the year ending 31 May 2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 February 2018
And Signed On Behalf Of The Board By:

Name: S. AHMED
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 May 2017

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Notes to the Financial Statements

for the Period Ended 31 May 2017

2. Tangible assets

	Land & buildings	Fixtures & fittings	Total
Cost	£	£	£
At 01 June 2016	400,000	7,500	407,500
Additions	-	-	-
Disposals	-	-	-
Revaluations	-	-	-
Transfers	-	-	-
At 31 May 2017	400,000	7,500	407,500
Depreciation
At 01 June 2016	-	-	-
Charge for year	-	-	-
On disposals	-	-	-
Other adjustments	-	-	-
At 31 May 2017	-	-	-
Net book value
At 31 May 2017	400,000	7,500	407,500
At 31 May 2016	400,000	7,500	407,500

Notes to the Financial Statements

for the Period Ended 31 May 2017

3.Creditors: amounts falling due within one year note

	2017 £	2016 £
Trade creditors	25,040	76,719
Total	25,040	76,719

Notes to the Financial Statements

for the Period Ended 31 May 2017

4.Creditors: amounts falling due after more than one year

	2017 £	2016 £
Other creditors	400,000	400,000
Total	400,000	400,000

Director:		S. AHMED


Registered office:		14 Craven Road London W2 3PX


Company Registration Number:		08541059 (England and Wales)

Accounts Submission