GAM General Building Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08180895 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

GAM GENERAL BUILDING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G A Miller

SECRETARY:

A J Company Formations Limited

REGISTERED OFFICE:

The Coach House

The Square

Sawbridgeworth

Hertfordshire

CM21 9AE

REGISTERED NUMBER:

08180895 (England and Wales)

ACCOUNTANTS:

Ashley James Limited

The Coach House

The Square

Sawbridgeworth

Hertfordshire

CM21 9AE

FIXED ASSETS

Tangible assets

2

11,348

1,347

CURRENT ASSETS

Stocks

29,012

-

Debtors

41,378

4,139

Cash at bank

2,500

2,063

72,890

6,202

CREDITORS

Amounts falling due within one year

67,981

7,400

NET CURRENT ASSETS/(LIABILITIES)

4,909

(1,198

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,257

149

CREDITORS

Amounts falling due after more than one year

8,952

-

NET ASSETS

7,305

149

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

7,304

148

SHAREHOLDERS' FUNDS

7,305

149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 25 January 2017 and were signed by:

G A Miller - 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 January 2015).

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.

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 1 October 2015

2,450

Additions

13,732

At 30 September 2016

16,182

DEPRECIATION

At 1 October 2015

1,103

Charge for year

3,731

At 30 September 2016

4,834

NET BOOK VALUE

At 30 September 2016

11,348

At 30 September 2015

1,347

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/16

30/9/15

value:

£

1

ORDINARY

£1

1