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| One Stop Builders Merchants Ltd |
For the year ended 31 October 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06452826
2
One Stop Builders Merchants Ltd
For the year ended 31 October 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
One Stop Builders Merchants Ltd
Accountants' Report
For the year ended 31 October 2014
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 |
| October 2014 and you consider that the company is exempt from an audit under the Companies Act 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil |
| your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Jags & Co
Incorporated Financial Accountants
7 Sutton Hall Road
Heston
Middlesex
TW5 0PX
12 June 2015
1 of 4
4
| Abbreviated Balance Sheet |
One Stop Builders Merchants Ltd
2014
2013
2
54,072
45,981
54,072
45,981
83,720
95,000
28,077
52,479
108,755
29,025
256,234
140,822
| Creditors: amounts falling due within one year |
(155,821)
(260,778)
(14,999)
(4,544)
Net current liabilities
| Total assets less current liabilities |
49,528
30,982
49,528
Net assets
30,982
2
3
2
49,526
30,980
49,528
30,982
Shareholders funds
| For the year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 12 June 2015 |
| Mr Narinder Gill Director |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
One Stop Builders Merchants Ltd
For the year ended 31 October 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the |
| shareholders prior to the balance sheet date. |
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated |
| expected useful economic life of the goodwill of 0 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Fixtures and Fittings
3 of 4
6
| Notes to the Abbreviated Financial Statements |
One Stop Builders Merchants Ltd
For the year ended 31 October 2014
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
88,090
18,250
106,340
42,109
10,159
Charge for year
52,268
54,072
45,981
| 100 Ordinary shares of £1.00 each |
| Allotted called up and fully paid |
2014
2013
| 2 Ordinary shares of £1.00 each |
2
2
2
2
4 of 4
