KNAPMAN_&_SONS_(BUILDERS) - Accounts

KNAPMAN & SONS (BUILDERS) LIMITED - Company Information

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Company Registration No. 01308970 (England and Wales)

KNAPMAN & SONS (BUILDERS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

KNAPMAN & SONS (BUILDERS) LIMITED

COMPANY INFORMATION

Directors

Mr Mark Knapman

Mr Terence Knapman

Company number

01308970

Registered office

Janina House

139 North Cray Road

Sidcup

Kent

DA14 5HE

Accountants

Nash Harvey Group LLP

The Granary

Hermitage Court

Hermitage Lane

Maidstone

Kent

ME16 9NT

KNAPMAN & SONS (BUILDERS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

KNAPMAN & SONS (BUILDERS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

109,061

111,403

Current assets

Stocks

45,570

Debtors

252,497

68,197

Cash at bank and in hand

37,796

138,259

290,293

252,026

Creditors: amounts falling due within one year

(268,347)

(161,075)

Net current assets

21,946

90,951

Total assets less current liabilities

131,007

202,354

Capital and reserves

Called up share capital

200

Profit and loss account

130,807

202,154

Shareholders' funds

131,007

202,354

For the financial year ended 31 August 2014 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 13 May 2015

Mr Mark Knapman

Mr Terence Knapman

Director

Company Registration No. 01308970

KNAPMAN & SONS (BUILDERS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

- 2 -

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 April 2008).

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 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:

Land and buildings Leasehold

No depreciations charge.

Plant and machinery

10% Reducing balance

Fixtures, fittings & equipment

10% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 September 2013 & at 31 August 2014

191,459

Depreciation

At 1 September 2013

80,056

Charge for the year

2,342

At 31 August 2014

82,398

Net book value

At 31 August 2014

109,061

At 31 August 2013

111,403

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

100 Preference shares of £1 each

100

200