Company Registration No. 07018543 (England and Wales)
NORTHUMBERLAND TILES & BATHROOMS LTD
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
NORTHUMBERLAND TILES & BATHROOMS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
NORTHUMBERLAND TILES & BATHROOMS LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,854
7,571
Current assets
Stocks
9,954
9,288
Debtors
47,379
49,906
Cash at bank and in hand
4,557
2,216
61,890
61,410
Creditors: amounts falling due within one year
(115,224)
(178,014)
Net current liabilities
(53,334)
(116,604)
Total assets less current liabilities
(46,480)
(109,033)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(46,482)
(109,035)
Shareholders' funds
(46,480)
(109,033)
For the financial year ended 30 September 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 26 June 2017
Mrs L Brady
Director
Company Registration No. 07018543
NORTHUMBERLAND TILES & BATHROOMS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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). The directors, having regard to the nature, size and complexity of the business, have assessed the financial risks affecting the company and its operations for the twelve months from the approval of the financial statements and consider it appropriate to prepare the financial statements on a going concern basis.
The directors, having regard to the nature, size and complexity of the business, have assessed the financial risks affecting the company and its operations for the twelve months from the approval of the financial statements and consider it appropriate to prepare the financial statements on a 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 value added tax and trade discounts.
value added tax
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:
Fixtures, fittings & equipment
25% straightline
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
13,848
Additions
1,582
At 30 September 2016
15,430
Depreciation
At 1 October 2015
6,277
Charge for the year
2,299
At 30 September 2016
8,576
Net book value
At 30 September 2016
6,854
At 30 September 2015
7,571
NORTHUMBERLAND TILES & BATHROOMS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2