Company Registration No. 08434427 (England and Wales)
B G GRIFFITHS LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
B G GRIFFITHS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
B G GRIFFITHS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
30,000
45,000
Tangible assets
2
38,419
41,128
68,419
86,128
Current assets
Stocks
2,500
200
Debtors
3,968
5,112
Cash at bank and in hand
80,482
126,719
86,950
132,031
Creditors: amounts falling due within one year
(54,842)
(81,624)
Net current assets
32,108
50,407
Total assets less current liabilities
100,527
136,535
Creditors: amounts falling due after more than one year
(19,658)
(91,156)
80,869
45,379
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
80,769
45,279
Shareholders' funds
80,869
45,379
B G GRIFFITHS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
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 28 October 2016
Mr Robert Griffiths
Director
Company Registration No. 08434427
B G GRIFFITHS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
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 chargeable, net of value added tax, in respect of the sale of goods and services to customers. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to stage of completion.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to stage of completion.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Land and buildings Leasehold
0%
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
3 years straight line
Motor vehicles
25% reducing balance
B G GRIFFITHS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
75,000
52,258
127,258
Additions
-
1,646
1,646
At 31 March 2016
75,000
53,904
128,904
Depreciation
At 1 April 2015
30,000
11,130
41,130
Charge for the year
15,000
4,355
19,355
At 31 March 2016
45,000
15,485
60,485
Net book value
At 31 March 2016
30,000
38,419
68,419
At 31 March 2015
45,000
41,128
86,128
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100