Registered Number
:
07926934
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
W Gent Builders Ltd
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
1,381
1,508
2
1,381
1,508
Trade and other receivables
|
24,285
22,154
3
16,926
Cash and cash equivalents
|
8,833
30,987
41,211
Trade and other payables
:
amounts falling due within one
|
year
|
(28,475)
(26,143)
4
12,736
4,844
Net current assets
Total assets less current liabilities
|
6,225
14,244
(67)
(27)
Provisions for liabilities
|
6,158
Net assets
14,217
1,000
1,000
5,158
13,217
6,158
14,217
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 18 September 2018 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 March 2018
W Gent Builders Ltd
Notes to the Financial Statements
Statutory Information
W Gent Builders Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
07926934
.
|
22 Thorley Hill
Bishops Stortford
Herts
CM23 3LY
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs 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 statement of financial position date.
|
2 of 4
For the year ended 31 March 2018
W Gent Builders Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
5,234
1,377
3,857
333
-
333
4,190
1,377
5,567
Provision for depreciation and impairment
|
3,726
1,050
2,676
Charge for year
460
82
378
4,186
1,132
3,054
1,136
245
1,381
1,181
327
1,508
3
.
Trade and other receivables
|
2017
2018
3,500
-
Amounts owed by directors
|
18,654
24,285
24,285
22,154
4
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
3,232
6,711
Taxation and social security
|
21,030
19,949
Accruals and deferred income
|
1,881
1,815
26,143
28,475
5
.
Related party transactions
|
During the period interim dividends in the sum of £
32
,
500
were paid to the Director Wayne Gent in respect of his
|
shareholding of the company
.
|
The company is controlled by the Director Wayne Gent
.
|
3 of 4
For the year ended 31 March 2018
W Gent Builders Ltd
Notes to the Financial Statements Continued
6
.
Directors advances and guarantees
|
Loaned
Repaid
Wayne Gent
Director Loan Advance interest free
|
18,654
24,285
18,654
24,285
18,654
24,285
18,654
24,285
7
.
Average number of persons employed
|
During the year the average number of employees was 2 (2017 : 2)
4 of 4