Registered Number 08262130

GB8 LTD.

Abbreviated Accounts

31 December 2015

GB8 LTD. Registered Number 08262130

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,476 1,785
1,476 1,785
Current assets
Debtors 2,023 1,300
Cash at bank and in hand 6,282 7,978
8,305 9,278
Creditors: amounts falling due within one year (9,759) (10,683)
Net current assets (liabilities) (1,454) (1,405)
Total assets less current liabilities 22 380
Total net assets (liabilities) 22 380
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 20 378
Shareholders' funds 22 380
  • For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 September 2016

And signed on their behalf by:
Cecilia Pereira-Yates, Director

GB8 LTD. Registered Number 08262130

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention.

Turnover policy
Turnover represents the value of services provided under contracts to the extent
that there is a right to consideration and is recorded at the value of the
consideration due.

Where a contract has only been partially completed at the balance sheet date,
turnover represents the value of the service provided to date based on a
proportion of the total expected consideration at completion. Where payments
are received from customers in advance of services provided, the amounts are
recorded as Deferred Income and included as part of Creditors due within one
year.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each
asset over its estimated useful life.

Van 25% on written down value
Tools and equipment 20% on written down value

Valuation information and policy
Stocks are stated at the lower of cost and net realisable value.

2 Tangible fixed assets
£
Cost
At 1 January 2015 2,557
Additions 60
Disposals -
Revaluations -
Transfers -
At 31 December 2015 2,617
Depreciation
At 1 January 2015 772
Charge for the year 369
On disposals -
At 31 December 2015 1,141
Net book values
At 31 December 2015 1,476
At 31 December 2014 1,785
3 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1 A Ordinary share of £1 each 1 1
1 B Ordinary shares of £1 each 1 1

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