Yorkshire Bathrooms and Kitchens Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05422380 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2014

for

Yorkshire Bathrooms and Kitchens Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G R Borchard

A D Boddy

P J Gregg

M C Walters

SECRETARY:

G R Borchard

REGISTERED OFFICE:

Boroughbridge Road

Ripon

North Yorkshire

HG4 1UE

REGISTERED NUMBER:

05422380 (England and Wales)

ACCOUNTANTS:

Bushells Chartered Accountants

6 Victoria Avenue

Harrogate

HG1 1ED

FIXED ASSETS

Intangible assets

2

8,927

7,719

Tangible assets

3

16,543

11,850

25,470

19,569

CURRENT ASSETS

Stocks

82,366

62,762

Debtors

694,972

577,521

Cash at bank

225,982

33,163

1,003,320

673,446

CREDITORS

Amounts falling due within one year

4

936,156

490,453

NET CURRENT ASSETS

67,164

182,993

TOTAL ASSETS LESS CURRENT LIABILITIES

92,634

202,562

CREDITORS

Amounts falling due after more than one year

4

(48,376

)

(89,146

)

PROVISIONS FOR LIABILITIES

(2,506

)

(2,045

)

NET ASSETS

41,752

111,371

CAPITAL AND RESERVES

Called up share capital

5

3

3

Profit and loss account

41,749

111,368

SHAREHOLDERS' FUNDS

41,752

111,371

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 July 2015 and were signed on its behalf by:

G R Borchard - Director

A D Boddy - Director

P J Gregg - 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 amounts receivable for goods supplied, excluding value added tax.

Domain names

Domain names are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets

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

Leasehold property improvement

-

5% on cost

Fixtures and equipment

-

10% on cost

Computer equipment

-

33% 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.

Employee benefit trust

The company made a contribution of £100 to the Yorkshire Bathrooms and Kitchens Limited 2014

Employee Benefit Trust, a discretionary trust created to provide benefits to employees of the

company. No decision had been taken by 31 December 2014 as to whether any substantive

contributions would be made in the future.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

10,034

Additions

1,800

At 31 December 2014

11,834

AMORTISATION

At 1 January 2014

2,315

Amortisation for year

592

At 31 December 2014

2,907

NET BOOK VALUE

At 31 December 2014

8,927

At 31 December 2013

7,719

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

35,685

Additions

9,147

At 31 December 2014

44,832

DEPRECIATION

At 1 January 2014

23,835

Charge for year

4,454

At 31 December 2014

28,289

NET BOOK VALUE

At 31 December 2014

16,543

At 31 December 2013

11,850

4.

CREDITORS

Creditors include an amount of £ 89,704 (2013 - £ 130,474 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

3

Ordinary

£1

3

3

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

and 31 December 2013:

2014

2013

£

£

G R Borchard

Balance outstanding at start of year

71,701

67,224

Amounts advanced

55,593

37,477

Amounts repaid

(18,960

)

(33,000

)

Balance outstanding at end of year

108,334

71,701

A D Boddy

Balance outstanding at start of year

74,978

67,144

Amounts advanced

57,145

40,834

Amounts repaid

(24,000

)

(33,000

)

Balance outstanding at end of year

108,123

74,978

P J Gregg

Balance outstanding at start of year

74,796

67,160

Amounts advanced

58,187

40,636

Amounts repaid

(24,000

)

(33,000

)

Balance outstanding at end of year

108,983

74,796

M C Walters

Balance outstanding at start of year

528

528

Amounts repaid

(1,500

)

-

Balance outstanding at end of year

(972

)

528

No interest is charged on the loans to directors and there are no repayment terms.

7.	ULTIMATE CONTROLLING PARTY