Green Building Group Limited |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Green Building Group Limited for the year ended 30 April 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Green Building Group Limited for the year ended 30 April 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Green Building Group Limited, as a body, in accordance with the terms of our engagement letter dated 3 September 2014. Our work has been undertaken solely to prepare for your approval the accounts of Green Building Group Limited and state those matters that we have agreed to state to the Board of Directors of Green Building Group Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Building Group Limited and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Green Building Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Green Building Group Limited. You consider that Green Building Group Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the accounts of Green Building Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
Stuart Hoare |
Chartered Accountants |
87 London Road |
Cowplain |
Waterlooville |
Hampshire |
PO8 8XB |
|
22 December 2015 |
|
Green Building Group Limited
|
Registered number: |
04188468
|
Abbreviated Balance Sheet |
as at 30 April 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
107,438 |
|
|
114,179 |
Investments |
4 |
|
|
34,583 |
|
|
34,583 |
|
|
|
|
142,021 |
|
|
148,762 |
|
Current assets |
Debtors |
|
|
66,125 |
|
|
64,778 |
Cash at bank and in hand |
|
|
3,927 |
|
|
1,810 |
|
|
|
70,052 |
|
|
66,588 |
|
Creditors: amounts falling due within one year |
|
|
(24,343) |
|
|
(15,666) |
|
Net current assets |
|
|
|
45,709 |
|
|
50,922 |
|
Total assets less current liabilities |
|
|
|
187,730 |
|
|
199,684 |
|
|
Provisions for liabilities |
|
|
|
(1,034) |
|
|
(1,707) |
|
|
Net assets |
|
|
|
186,696 |
|
|
197,977 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
5 |
|
|
5,154 |
|
|
5,154 |
Revaluation reserve |
|
|
|
38,400 |
|
|
39,200 |
Capital redemption reserve |
|
|
|
4,949 |
|
|
4,949 |
Profit and loss account |
|
|
|
138,193 |
|
|
148,674 |
|
Shareholders' funds |
|
|
|
186,696 |
|
|
197,977 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
L Hawthorne |
Director |
Approved by the board on 22 December 2015
|
|
Green Building Group Limited
|
Notes to the Abbreviated Accounts |
for the year ended 30 April 2015
|
|
1 |
Accounting policies |
|
|
Accounting convention |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Preparation of consolidated financial statements |
|
The financial statements contain information about Green Building Group Limited as an individual company and do not contain consolidated financial information as a parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Goodwill |
|
Goodwill, being the amount paid in connection with the acquisition of business in 2005, has been amortised over its estimated economical life of 2 year. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold property |
2% striaght line |
|
Plant and machinery |
15% - 25% reducing balance
|
|
Motor vehicles |
25% reducing balance |
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2014 |
1,500 |
|
At 30 April 2015 |
1,500 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 May 2014 |
1,500 |
|
At 30 April 2015 |
1,500 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2015 |
- |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2014 |
189,623 |
|
Disposals |
(7,295) |
|
At 30 April 2015 |
182,328 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2014 |
75,444 |
|
Charge for the year |
6,491 |
|
On disposals |
(7,045) |
|
At 30 April 2015 |
74,890 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2015 |
107,438 |
|
At 30 April 2014 |
114,179 |
|
|
|
|
|
|
|
|
4 |
Investments |
£ |
|
|
Cost |
|
At 1 May 2014 |
34,583 |
|
|
At 30 April 2015 |
34,583 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Green Building Maintenance Limited |
Ordinary |
100 |
|
206 |
|
9,886 |
|
Green Building Services (Portsmouth) Limited |
Ordinary |
100 |
|
54,925 |
|
20,088 |
|
Green Building & Glazing Services Limited |
Ordinary |
100 |
|
10,560 |
|
- |
|
5 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
5,154 |
|
5,154 |
|
5,154 |
|
|
|
|
|
|
|
|
|