Accounts filed on 30-06-2016

Accounts filed on 30-06-2016

G & B AUTOS LTD - Company Information

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G & B AUTOS LTD

Company Registration Number:
08114935 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 July 2015

End date: 30 June 2016

G & B AUTOS LTD

Contents of the Financial Statements

for the Period Ended 30 June 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

G & B AUTOS LTD

Company Information

for the Period Ended 30 June 2016




Director: Gentian Bekteshi
Registered office: Unit 2-4 6 Southfield
Southfield
Welwyn Garden City
Hertfordshire
AL7 4ST
Company Registration Number: 08114935 (England and Wales)

G & B AUTOS LTD

Directors' Report Period Ended 30 June 2016

The directors present their report with the financial statements of the company for the period ended 30 June 2016

Directors
 The directors shown below have held office during the whole of the period from
01 July 2015 to 30 June 2016
Gentian Bekteshi

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 26 August 2016
And Signed On Behalf Of The Board By:

Name: Gentian Bekteshi
Status: Director

G & B AUTOS LTD

Profit and Loss Account

for the Period Ended 30 June 2016


Notes
2016
£
2015
£
Turnover: 79,863 80,343
Cost of sales: ( 35,854 ) ( 42,226 )
Gross profit or (loss): 44,009 38,117
Administrative expenses: ( 39,408 ) ( 34,558 )
Operating profit or (loss): 4,601 3,559
Profit or (loss) on ordinary activities before taxation: 4,601 3,559
Tax on profit or (loss) on ordinary activities: ( 920 ) ( 711 )
Profit or (loss) for the financial year: 3,681 2,848

The notes form part of these financial statements

G & B AUTOS LTD

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

G & B AUTOS LTD

Balance sheet

As at 30 June 2016


Notes
2016
£
2015
£
Fixed assets
Total fixed assets: 0 0
Current assets
Cash at bank and in hand: 11,313 7,424
Total current assets: 11,313 7,424
Creditors: amounts falling due within one year: ( 9,420 ) ( 5,712 )
Net current assets (liabilities): 1,893 1,712
Total assets less current liabilities: 1,893 1,712
Total net assets (liabilities): 1,893 1,712

The notes form part of these financial statements

G & B AUTOS LTD

Balance sheet continued

As at 30 June 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 1 1
Profit and loss account: 4 1,892 1,711
Shareholders funds: 1,893 1,712

For the year ending 30 June 2016 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 26 August 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Gentian Bekteshi
Status: Director

The notes form part of these financial statements

G & B AUTOS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

G & B AUTOS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2016

  • 2. Dividends


    2016
    £
    2015
    £
    Dividends paid on ordinary shares: 3,500 5,000
    Total dividends paid: 3,500 5,000

G & B AUTOS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1

G & B AUTOS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2016

  • 4. Profit and loss account


    2016
    £
    2015
    £
    Opening balance: 1,711 3,863
    Profit or (loss) for the period: 3,681 2,848
    Equity dividends paid: ( 3,500 ) ( 5,000 )
    Retained profit: 1,892 1,711