Broadland Decorators Limited - Limited company - abbreviated

REGISTERED NUMBER: 04857486 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

BROADLAND DECORATORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A M Morter

Mrs S H Morter

SECRETARY:

Mrs S H Morter

REGISTERED OFFICE:

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

REGISTERED NUMBER:

04857486 (England and Wales)

FIXED ASSETS

Intangible assets

2

6,663

8,330

Tangible assets

3

2,060

2,676

8,723

11,006

CURRENT ASSETS

Stocks

1,430

3,988

Debtors

26,135

19,382

Cash at bank

2,327

8,102

29,892

31,472

CREDITORS

Amounts falling due within one year

38,287

40,658

NET CURRENT LIABILITIES

(8,395

)

(9,186

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

328

1,820

PROVISIONS FOR LIABILITIES

119

178

NET ASSETS

209

1,642

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

109

1,542

SHAREHOLDERS' FUNDS

209

1,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 May 2015 and were signed on its behalf by:

Mr A M Morter - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

10% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

25,000

AMORTISATION

At 1 September 2013

16,670

Amortisation for year

1,667

At 31 August 2014

18,337

NET BOOK VALUE

At 31 August 2014

6,663

At 31 August 2013

8,330

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

15,491

DEPRECIATION

At 1 September 2013

12,815

Charge for year

616

At 31 August 2014

13,431

NET BOOK VALUE

At 31 August 2014

2,060

At 31 August 2013

2,676

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2014 and

31 August 2013:

2014

2013

£

Mr A M Morter and Mrs S H Morter

Balance outstanding at start of year

-

Amounts advanced

510

-

Amounts repaid

-

Balance outstanding at end of year

510

-

Broadland Decorators Limited - Limited company - abbreviated - 11.6

Broadland Decorators Limited - Limited company - abbreviated - 11.6