Company Registration No. 05617127 (England and Wales)
BUNTINGS SURVEYORS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
BUNTINGS SURVEYORS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BUNTINGS SURVEYORS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,150
2
Current assets
Debtors
23,973
38,875
Cash at bank and in hand
45,593
42,462
69,566
81,337
Creditors: amounts falling due within one year
(42,339)
(53,341)
Net current assets
27,227
27,996
Total assets less current liabilities
30,377
27,998
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
30,277
27,898
Shareholders' funds
30,377
27,998
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 May 2017
Mr John Crosbie
Mr Colin Salter
Director
Director
Company Registration No. 05617127
BUNTINGS SURVEYORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company is dependent upon the contined financial support of the shareholders and the directors consider it appropriate to prepare the financial statments on the going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% straight line
Fixtures, fittings & equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015
7,735
Additions
3,148
At 31 August 2016
10,883
Depreciation
At 1 September 2015 & at 31 August 2016
7,733
Net book value
At 31 August 2016
3,150
At 31 August 2015
2
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100