The Good Building Co (North West) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08182259 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2015

FOR

THE GOOD BUILDING COMPANY

(NORTH WEST) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr N P Good

REGISTERED OFFICE:

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

REGISTERED NUMBER:

08182259 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

2

7,740

7,767

CURRENT ASSETS

Stocks

58,800

27,600

Debtors

8,025

1,972

Cash at bank

6,771

11,221

73,596

40,793

CREDITORS

Amounts falling due within one year

65,262

32,324

NET CURRENT ASSETS

8,334

8,469

TOTAL ASSETS LESS CURRENT LIABILITIES

16,074

16,236

PROVISIONS FOR LIABILITIES

-

762

NET ASSETS

16,074

15,474

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

15,974

15,374

SHAREHOLDERS' FUNDS

16,074

15,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24th May 2016 and were signed by:

Mr N P Good - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant & machinery

-

25% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2014

11,662

Additions

2,639

At 31st August 2015

14,301

DEPRECIATION

At 1st September 2014

3,895

Charge for year

2,666

At 31st August 2015

6,561

NET BOOK VALUE

At 31st August 2015

7,740

At 31st August 2014

7,767

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100