G.N.G. Building Contractors Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06057115 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

G.N.G. BUILDING CONTRACTORS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G S Ghataurhae

SECRETARY:

Mrs M K Ghataurhae

REGISTERED OFFICE:

Victoria House

44-45 Queens Road

Coventry

West Midlands

CV1 3EH

REGISTERED NUMBER:

06057115 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

Victoria House

44-45 Queens Road

Coventry

West Midlands

CV1 3EH

FIXED ASSETS

Tangible assets

2

1,959

2,201

CURRENT ASSETS

Stocks

2,000

5,000

Debtors

15,361

2,031

Cash at bank

9,832

7,007

27,193

14,038

CREDITORS

Amounts falling due within one year

11,388

15,057

NET CURRENT ASSETS/(LIABILITIES)

15,805

(1,019

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,764

1,182

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

17,763

1,181

SHAREHOLDERS' FUNDS

17,764

1,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 19 December 2014 and were signed by:

G S Ghataurhae - 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 and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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 1 April 2013

10,277

Additions

410

At 31 March 2014

10,687

DEPRECIATION

At 1 April 2013

8,076

Charge for year

652

At 31 March 2014

8,728

NET BOOK VALUE

At 31 March 2014

1,959

At 31 March 2013

2,201

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

1

1

1