C.R. Irvine Plastering Limited - Limited company - abbreviated

REGISTERED NUMBER: 03128141 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

C.R. IRVINE PLASTERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C R Irvine

Mrs V J Irvine

A J Irvine

A D Irvine

D M Irvine

J D O'Cock

SECRETARY:

Mrs J R Martin-Harper

REGISTERED OFFICE:

Unit 10 Orchard Industrial Estate

Christian Way

Parkwood

Maidstone

Kent

ME15 9YE

REGISTERED NUMBER:

03128141 (England and Wales)

ACCOUNTANTS:

George & Co.

Chartered Accountants

Thornhill House

26 Fisher Street

Maidstone

Kent

ME14 2SU

FIXED ASSETS

Tangible assets

2

4,377

5,793

CURRENT ASSETS

Stocks

3,500

Debtors

223,735

229,168

Cash at bank and in hand

234

163

227,469

232,831

CREDITORS

Amounts falling due within one year

129,231

166,923

NET CURRENT ASSETS

98,238

65,908

TOTAL ASSETS LESS CURRENT
LIABILITIES

102,615

71,701

CREDITORS

Amounts falling due after more than one
year

(20,748

)

(30,400

)

PROVISIONS FOR LIABILITIES

(643

)

(861

)

NET ASSETS

81,224

40,440

CAPITAL AND RESERVES

Called up share capital

3

110

Profit and loss account

81,114

40,330

SHAREHOLDERS' FUNDS

81,224

40,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 24 February 2016 and were signed on its behalf
by:

C R Irvine - 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 the total value, excluding value added tax, of sales earned during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

23,602

Additions

300

At 31 December 2015

23,902

DEPRECIATION

At 1 January 2015

17,809

Charge for year

1,716

At 31 December 2015

19,525

NET BOOK VALUE

At 31 December 2015

4,377

At 31 December 2014

5,793

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

3

Ordinary B

£1

3

1

Ordinary C

£1

1

3

Ordinary D

£1

3

Ordinary E

£1

3

110

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director C R Irvine has provided a personal guarantee to secure the company's bank loan facility.

C.R. Irvine Plastering Limited - Limited company - abbreviated - 11.9

C.R. Irvine Plastering Limited - Limited company - abbreviated - 11.9