Registered Number 08457198

G8 BUSINESS LIMITED

Abbreviated Accounts

31 March 2016

G8 BUSINESS LIMITED Registered Number 08457198

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 4,282 4,151
4,282 4,151
Current assets
Debtors 17,809 7,178
Cash at bank and in hand 25,353 18,001
43,162 25,179
Creditors: amounts falling due within one year (33,477 ) (25,939 )
Net current assets (liabilities) 9,685 (760 )
Total assets less current liabilities 13,967 3,391
Total net assets (liabilities) 13,967 3,391
Capital and reserves
Called up share capital 1 1
Profit and loss account 13,966 3,390
Shareholders' funds 13,967 3,391

  • For the year ending 31 March 2016 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 20 December 2016

And signed on their behalf by:
Justin Gray, Director

G8 BUSINESS LIMITED Registered Number 08457198

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the invoiced value of goods and services supplied by the company net of value added tax and trade discounts.

Tangible assets depreciation policy
Plant and Machinery @25% on the reducing balance

2 Tangible fixed assets
£
Cost
At 1 April 2015 5,542
Additions 1,198
Disposals -
Revaluations -
Transfers -
At 31 March 2016 6,740
Depreciation
At 1 April 2015 1,391
Charge for the year 1,067
On disposals -
At 31 March 2016 2,458
Net book values
At 31 March 2016 4,282
At 31 March 2015 4,151