GJB Warwickshire Ltd Company Accounts

GJB WARWICKSHIRE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08953567

GJB Warwickshire Ltd

Filleted Unaudited Financial Statements

31 March 2017

GJB Warwickshire Ltd

Financial Statements

Year ended 31 March 2017

Contents	Page

Statement of financial position	1

Statement of changes in equity	2

Notes to the financial statements	3

GJB Warwickshire Ltd

Statement of Financial Position

31 March 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	4	85	1
Cash at bank and in hand		1,500	–
		-------	----
		1,585	1

Creditors: amounts falling due within one year	5	2,442		–
		-------		----
Net current (liabilities)/assets			( 857)	1
			----	----
Total assets less current liabilities			( 857)	1
			----	----
Net (liabilities)/assets			( 857)	1
			----	----

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 858)	–
	----	----
Shareholders (deficit)/funds	( 857)	1
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 December 2017 , and are signed on behalf of the board by:

Mr G B Bent
Director

Company registration number: 08953567

GJB Warwickshire Ltd

Statement of Changes in Equity

Year ended 31 March 2017

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 April 2015	–	–	–

Profit for the year		–	–

Issue of shares	1	–	1
	----	----	----
Total investments by and distributions to owners	1	–	1

At 31 March 2016	1	–	1

Loss for the year		( 858)	( 858)
	----	----	----
Total comprehensive income for the year	–	( 858)	( 858)

	----	----	----
At 31 March 2017	1	( 858)	( 857)
	----	----	----

GJB Warwickshire Ltd

Notes to the Financial Statements

Year ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 The Quadrant, Coventry, CV1 2EL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	2017	2016
	£	£
Trade debtors	84	–
Other debtors	1	1
	----	----
	85	1
	----	----

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	93	–
Social security and other taxes	1,514	–
Other creditors	151	–
Other creditors	684	–
	-------	----
	2,442	–
	-------	----

6. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2017
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mr G B Bent	–	( 84)	( 84)
	----	----	----

	2016
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mr G B Bent	–	–	–
	----	----	----

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.