Registered number |
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Registered number: |
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Abbreviated Balance Sheet | |||||||
as at |
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Notes | 2016 | 2015 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 2 |
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Current assets | |||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | ( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | ( |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves | |||||||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Mr Brian Pike | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Abbreviated Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
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Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Plant and machinery |
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Motor vehicles |
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Stocks | ||||||||
Stock is valued at the lower of cost and net realisable value. | ||||||||
Deferred taxation | ||||||||
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. | ||||||||
Leasing and hire purchase commitments | ||||||||
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. |
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Pensions | ||||||||
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. | ||||||||
2 | Tangible fixed assets | £ | ||||||
Cost | ||||||||
At 1 June 2015 |
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Additions |
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Disposals | ( |
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At 31 May 2016 |
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Depreciation | ||||||||
At 1 June 2015 |
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Charge for the year |
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On disposals | ( |
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At 31 May 2016 |
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Net book value | ||||||||
At 31 May 2016 |
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At 31 May 2015 |
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3 | Share capital | Nominal | 2016 | 2016 | 2015 | |||
value | Number | £ | £ | |||||
Allotted, called up and fully paid: | ||||||||
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£ |
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4 | Transactions with directors and related parties | |||||||
For the whole of the year the company was under the control of it's sole director, Mr B.P. Pike, and his wife, who own all of the issued share capital. During the year dividends of £59,000 (2015: £59,000) were paid to the director Mr B.P. Pike and his wife in respect of ordinay shares. During the year the company paid a salary of £12,000 (2015: £12,000) to Mrs C. Pike, the wife of the company's director, Mr B.P. Pike. |