Company Registration No. 05712317 (England and Wales)
BRETT-SMITH BUILDERS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
BRETT-SMITH BUILDERS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BRETT-SMITH BUILDERS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
18,996
4,808
Current assets
Stocks
400
400
Debtors
1,075
20,071
Cash at bank and in hand
28,660
28,577
30,135
49,048
Creditors: amounts falling due within one year
(36,979)
(35,215)
Net current liabilities/(assets)
(6,844)
13,833
Total assets less current liabilities
12,152
18,641
Capital and reserves
Called up share capital
3
102
102
Profit and loss account
12,050
18,539
Shareholders' funds
12,152
18,641
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 21 December 2016
L Brett-Smith
Director
Company Registration No. 05712317
BRETT-SMITH BUILDERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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 January 2015).
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 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
15% reducing balance basis
Fixtures, fittings & equipment
25% reducing balance basis
Motor vehicles
25% reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
20,038
Additions
22,759
Disposals
(17,485)
At 31 March 2016
25,312
Depreciation
At 1 April 2015
15,230
On disposals
(13,336)
Charge for the year
4,422
At 31 March 2016
6,316
Net book value
At 31 March 2016
18,996
At 31 March 2015
4,808
BRETT-SMITH BUILDERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
1 Ordinary A share of £1 each
1
1
1 Ordinary B share of £1 each
1
1
102
102
4
Ultimate parent company
The company is controlled by the Director and his spouse who own 100% of the called up share capital.