G2 Paving & Construction Ltd - Accounts to registrar (filleted) - small 18.2

G2 Paving & Construction Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09823707(England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2017

for

G2 Paving & Construction Ltd

G2 Paving & Construction Ltd (Registered number: 09823707)






Contents of the Financial Statements
for the Year Ended 31 October 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G2 Paving & Construction Ltd

Company Information
for the Year Ended 31 October 2017







DIRECTORS: Garry John Neale
Gary Neale





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Fareham
Hampshire
PO17 6EX





BUSINESS ADDRESS: 48 Soberton Road
Havant
Hampshire
PO9 2EG





REGISTERED NUMBER: 09823707(England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

G2 Paving & Construction Ltd (Registered number: 09823707)

Balance Sheet
31 October 2017

31.10.17 31.10.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,660 2,830

CURRENT ASSETS
Debtors 5 24,100 14,743
Cash at bank 87 66
24,187 14,809
CREDITORS
Amounts falling due within one year 6 16,581 13,443
NET CURRENT ASSETS 7,606 1,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,266

4,196

PROVISIONS FOR LIABILITIES 344 566
NET ASSETS 8,922 3,630

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8,920 3,628
SHAREHOLDERS' FUNDS 8,922 3,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

G2 Paving & Construction Ltd (Registered number: 09823707)

Balance Sheet - continued
31 October 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25 July 2018and were
signed on its behalf by:




Gary Neale- Director



Garry John Neale- Director


G2 Paving & Construction Ltd (Registered number: 09823707)

Notes to the Financial Statements
for the Year Ended 31 October 2017

1. STATUTORY INFORMATION

G2 Paving & Construction Ltd is a private company, limited by shares, registered in England
and Wales. The company's registered number and registered office address can be found
on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
This is the first year the company has presented its financial statements under Financial
Reporting Standard 102 Section 1a (FRS102 (1a)) issued by the Financial Reporting
Council. The last financial statements for the year ended 31 October 2016, were prepared
under the previous UK GAAP. The transition date to FRS102 (1a) is therefore 1 November
2016.

There were no material adjustments required on transition to FRS102 (1a) and as such it
has not been necessary to restate prior year comparatives following implementation of
FRS102 (1a).


Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.


G2 Paving & Construction Ltd (Registered number: 09823707)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it
is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2016 - 2) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2016 3,400 374 3,774
Disposals (567 ) (50 ) (617 )
At 31 October 2017 2,833 324 3,157
DEPRECIATION
At 1 November 2016 850 94 944
Charge for year 496 57 553
At 31 October 2017 1,346 151 1,497
NET BOOK VALUE
At 31 October 2017 1,487 173 1,660
At 31 October 2016 2,550 280 2,830

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Trade debtors 5,015 1,922
Other debtors - 204
Social security and other tax 18,380 12,617
VAT 705 -
24,100 14,743

G2 Paving & Construction Ltd (Registered number: 09823707)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Corporation tax 12,465 8,341
Wages control 480 612
Directors' current accounts 2,490 3,206
Accrued expenses 1,146 1,284
16,581 13,443

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.10.17 31.10.16
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended
31 October 2017 and the period ended 31 October 2016:

31.10.17 31.10.16
£    £   
Garry John Neale
Balance outstanding at start of year (3,206 ) -
Amounts advanced 844 -
Amounts repaid - (3,206 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,362 ) (3,206 )

Gary Neale
Balance outstanding at start of year - -
Amounts repaid (128 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (128 ) -

Included in creditors is an amount due to the director's of £2,490 (2016 - £3,206). This loan
is interest free, undated, unsecured and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

No one has a controlling interest in the company