Registered Number 07174756
GRAVITY BUILDING SOLUTIONS LIMITED
Abbreviated Accounts
30 April 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Equipment - 25% reducing balance basis
£ | |
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Cost | |
At 1 May 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2016 |
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Depreciation | |
At 1 May 2015 |
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Charge for the year |
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On disposals |
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At 30 April 2016 |
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Net book values | |
At 30 April 2016 | 482 |
At 30 April 2015 | 460 |
3 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 May 2015: | £ |
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Advances or credits made: |
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Advances or credits repaid: | £ |
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Balance at 30 April 2016: | £ |
Dividends of £24,000 (2015: £36,300) were paid to the shareholders in the year.
The company agreed to make a loan for £10,000 (2015: £11,000) to the director in the year. The balance outstanding due from the director at the year end amounted to £9,726 (2015: £10,706).
The company charges interest on an overdrawn director's current account at a rate of 4% p.a.
Interest charged for the period amounted to £404 (2015: £456).
No further transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.