Registered number: 01888580 | ||||||||
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FOR THE YEAR ENDED 31/03/2020 | ||||||||
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Prepared By: | ||||||||
Accounting Centre Eynsham Ltd | ||||||||
1 Abbey Street | ||||||||
Eynsham | ||||||||
Oxford | ||||||||
OX29 4TB |
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Greater London Construction Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2020 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Elaine Hopkins | ||||||||
REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 01888580 | ||||||||
ACCOUNTANTS | ||||||||
Accounting Centre Eynsham Ltd | ||||||||
1 Abbey Street | ||||||||
Eynsham | ||||||||
Oxford | ||||||||
OX29 4TB |
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Greater London Construction Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2020 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Greater London Construction Limited | ||||||||
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BALANCE SHEET AT
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2020 | 2019 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 4 |
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341,309 | 244,308 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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154,301 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES AND CHARGES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 |
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Profit and loss account | 324,809 | 251,504 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Greater London Construction Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2020 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Plant and Machinery | straight line 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
2. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Plant and | Commercial | ||||||||
Buildings | Machinery | Vehicles | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/04/2019 | 97,497 | 11,359 | 14,574 | 2,081 | 125,511 | |||||
At 31/03/2020 | 97,497 | 11,359 | 14,574 | 2,081 | 125,511 | |||||
Depreciation | ||||||||||
At 01/04/2019 | - | 10,487 | 14,574 | 2,081 | 27,142 | |||||
For the year | - | 872 | - | - | 872 | |||||
At 31/03/2020 | - | 11,359 | 14,574 | 2,081 | 28,014 | |||||
Net Book Amounts | ||||||||||
At 31/03/2020 |
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97,497 | |||||
At 31/03/2019 |
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98,369 | |||||
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Greater London Construction Limited | ||||||||
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3. STOCK | 2020 | 2019 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Work in progress |
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4. DEBTORS | 2020 | 2019 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 220,309 | 244,308 | ||||||
220,309 | 244,308 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
UK corporation tax | 14,476 | 106 | ||||||
VAT | 11,534 | 5,489 | ||||||
PAYE control | 66,335 | 61,880 | ||||||
Directors current account | 19,152 | 19,532 | ||||||
Accruals | 1,500 | 3,000 | ||||||
112,997 | 90,007 | |||||||
6. EMPLOYEES | ||||||
2020 | 2019 | |||||
No. | No. | |||||
Average number of employees |
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1 | ||||
7. PROVISIONS FOR LIABILITIES | 2020 | 2019 | ||||||
£ | £ | |||||||
Deferred taxation | - | 166 | ||||||
- | 166 | |||||||
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Greater London Construction Limited | ||||||||
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8. SHARE CAPITAL | 2020 | 2019 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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1000 | 1000 | ||||||
1,000 | 1,000 | |||||||
9. CONTROLLING PARTY | ||||||||
John Flanagan holds 989 of the 1,000 issued shares, and is considered the ultimate controlling party. | ||||||||