Registered number
05585634
GBPS LTD
Abbreviated Accounts
31 October 2016
GBPS LTD
Registered number: 05585634
Abbreviated Balance Sheet
as at 31 October 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 14,228 11,679
Current assets
Debtors 10,000 17,172
Cash at bank and in hand 36,146 4,929
46,146 22,101
Creditors: amounts falling due within one year (34,794) (28,689)
Net current assets/(liabilities) 11,352 (6,588)
Net assets 25,580 5,091
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 25,480 4,991
Shareholders' funds 25,580 5,091
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.
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.
G Bolton
Director
Approved by the board on 21 April 2017
GBPS LTD
Notes to the Abbreviated Accounts
for the year ended 31 October 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
2 Tangible fixed assets £
Cost
At 1 November 2015 17,735
Additions 7,292
At 31 October 2016 25,027
Depreciation
At 1 November 2015 6,056
Charge for the year 4,743
At 31 October 2016 10,799
Net book value
At 31 October 2016 14,228
At 31 October 2015 11,679
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
GBPS LTD 05585634 false true 2015-11-01 2016-10-31 2016-10-31 G Bolton 05585634 uk-bus:OrdinaryShareClass1 2015-10-31 05585634 2015-11-01 2016-10-31 05585634 uk-bus:Director40 2015-11-01 2016-10-31 05585634 uk-gaap:PlantMachinery 2015-11-01 2016-10-31 05585634 uk-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 05585634 2016-10-31 05585634 uk-bus:OrdinaryShareClass1 2016-10-31 05585634 2015-10-31 iso4217:GBP xbrli:shares

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