G H Building Team Limited - Accounts to registrar (filleted) - small 18.1

G H Building Team Limited - Accounts to registrar (filleted) - small 18.1

GH BUILDING TEAM LIMITED - Company Information

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REGISTERED NUMBER: 04624205 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

G H BUILDING TEAM LIMITED
G H BUILDING TEAM LIMITED (REGISTERED NUMBER: 04624205)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


G H BUILDING TEAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: R Maybury





SECRETARY: A Bell





REGISTERED OFFICE: 30 Jacobs Hall Lane
Great Wyrley
Walsall
West Midlands
WS6 6AD





REGISTERED NUMBER: 04624205 (England and Wales)





ACCOUNTANTS: Shelvoke Pickering Janney LLP
Chartered Accountants
57-61 Market Place
Cannock
Staffordshire
WS11 1BP
Page 1
G H BUILDING TEAM LIMITED (REGISTERED NUMBER: 04624205)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 391 213

CURRENT ASSETS
Debtors 5 1,411 1,411
Cash at bank 2,473 3,007
3,884 4,418
CREDITORS
Amounts falling due within one year 6 3,536 3,484
NET CURRENT ASSETS 348 934
TOTAL ASSETS LESS CURRENT
LIABILITIES
739
1,147

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 738 1,146
SHAREHOLDERS' FUNDS 739 1,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 20 June 2018 and were signed by:





R Maybury - Director


The notes form part of these financial statements

Page 2
G H BUILDING TEAM LIMITED (REGISTERED NUMBER: 04624205)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

G H Building Team Limited 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
Revenue 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.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Page 3 continued...
G H BUILDING TEAM LIMITED (REGISTERED NUMBER: 04624205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2017 3,337
Additions 308
At 31 March 2018 3,645
DEPRECIATION
At 1 April 2017 3,124
Charge for year 130
At 31 March 2018 3,254
NET BOOK VALUE
At 31 March 2018 391
At 31 March 2017 213

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 1,411 1,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 2,560 603
Other creditors 976 2,881
3,536 3,484

7. RELATED PARTY DISCLOSURES

The company is under the control of Mr R S Maybury who owned 100% (2017: 100%) of the issued
ordinary share capital.

Mr R S Maybury made an interest free loan to the company and the balance at 31st March, 2018 was
£247 (2017: £2190 and this was the highest balance). There are no terms set down for repayment.

Page 4