Registered Number 06491968
OUR BUILDERS LIMITED
Abbreviated Accounts
29 February 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Motor vehicles - 25% on reducing balance
Other accounting policies
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Stock :
Stock is valued at the lower of cost and net realisable value.
Going concern :
At the balance sheet date, it had net liabilities. The company is reliant on the support by the director,who has lent the company a loan.
On the basis that the director will continue to support the reporting entity for the foreseeable future, the director considers it appropriate to prepare the financial statements on a going concern basis.
The financial statements do not include any adjustments that would result from a withdrawal on the support of the director.
£ | |
---|---|
Cost | |
At 1 March 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 29 February 2016 |
|
Depreciation | |
At 1 March 2015 |
|
Charge for the year |
|
On disposals |
|
At 29 February 2016 |
|
Net book values | |
At 29 February 2016 | 4,398 |
At 28 February 2015 | 3,761 |