Greenoak Building & Renovation Ltd Small abbreviated accounts

Greenoak Building & Renovation Ltd Small abbreviated accounts

GREENOAK BUILDING & RENOVATION LTD - Company Information

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FY Private Limited Company Company accounts 2016-12-28 2016-12-28 false true false false false false false false false false false false true true 2015-04-01 true xbrli:pure xbrli:shares iso4217:GBP 05779790 2015-04-01 2016-03-31 05779790 2016-03-31 05779790 2015-03-31 05779790 2015-03-31 05779790 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 05779790 uk-gaap:FixturesFittings 2015-04-01 2016-03-31 05779790 uk-gaap:MotorVehicles 2015-04-01 2016-03-31 05779790 uk-bus:EntityAccountantsOrAuditors uk-bus:PrincipalAgent 2015-04-01 2016-03-31 05779790 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 05779790 uk-bus:Director2 2015-04-01 2016-03-31 05779790 uk-gaap:AllSubsidiaries 2015-04-01 2016-03-31 05779790 uk-bus:OrdinaryShareClass1 2016-03-31 05779790 uk-bus:OrdinaryShareClass1 2015-03-31 05779790 uk-lang:English 2015-04-01 2016-03-31 05779790 uk-curr:PoundSterling 2015-04-01 2016-03-31
COMPANY REGISTRATION NUMBER 05779790
GREENOAK BUILDING & RENOVATION LTD
UNAUDITED ABBREVIATED ACCOUNTS
31 March 2016
STEWART ASSOCIATES SHREWSBURY LTD
Chartered Accountants
Emstrey House (North)
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
GREENOAK BUILDING & RENOVATION LTD
ABBREVIATED BALANCE SHEET
31 March 2016
2016
2015
Note
£
£
£
£
Fixed Assets
2
Tangible assets
9,582
11,989
Current Assets
Debtors
81,288
76,025
Cash at bank and in hand
35,937
21,890
----------
---------
117,225
97,915
Creditors: Amounts Falling due Within One Year
108,000
107,724
----------
----------
Net Current Assets/(Liabilities)
9,225
( 9,809)
---------
---------
Total Assets Less Current Liabilities
18,807
2,180
---------
---------
Capital and Reserves
Called up equity share capital
3
1,000
1,000
Profit and loss account
17,807
1,180
---------
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Shareholders' Funds
18,807
2,180
---------
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For the year ended 31st March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on 20 December 2016 , and are signed on their behalf by:
Mr T D Jones
Company Registration Number: 05779790
GREENOAK BUILDING & RENOVATION LTD
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31st MARCH 2016
1. Accounting Policies
Basis of Accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Fixed Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery-15% straight line
Fixtures & Fittings-15% straight line
Motor Vehicles-15% straight line
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
2. Fixed Assets
Tangible Assets
£
Cost
At 1st April 2015
23,312
Additions
1,195
---------
At 31st March 2016
24,507
---------
Depreciation
At 1st April 2015
11,323
Charge for year
3,602
---------
At 31st March 2016
14,925
---------
Net Book Value
At 31st March 2016
9,582
-------
At 31st March 2015
11,989
---------
3. Share Capital
Allotted, called up and fully paid:
2016
2015
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
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