Yorkshire Bathrooms and Kitchens Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05422380 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2013

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

7,719

8,221

Tangible assets

3

11,850

11,887

19,569

20,108

CURRENT ASSETS

Stocks

62,762

61,970

Debtors

577,521

398,376

Cash at bank and in hand

33,163

16,291

673,446

476,637

CREDITORS

Amounts falling due within one year

4

490,453

420,125

NET CURRENT ASSETS

182,993

56,512

TOTAL ASSETS LESS CURRENT LIABILITIES

202,562

76,620

CREDITORS

Amounts falling due after more than one year

4

(89,146

)

-

PROVISIONS FOR LIABILITIES

(2,045

)

(1,981

)

NET ASSETS

111,371

74,639

CAPITAL AND RESERVES

Called up share capital

5

3

3

Profit and loss account

111,368

74,636

SHAREHOLDERS' FUNDS

111,371

74,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 18 September 2014 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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

10,034

AMORTISATION

At 1 January 2013

1,813

Amortisation for year

502

At 31 December 2013

2,315

NET BOOK VALUE

At 31 December 2013

7,719

At 31 December 2012

8,221

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

31,836

Additions

3,849

At 31 December 2013

35,685

DEPRECIATION

At 1 January 2013

19,949

Charge for year

3,886

At 31 December 2013

23,835

NET BOOK VALUE

At 31 December 2013

11,850

At 31 December 2012

11,887

4.

CREDITORS

Creditors include an amount of £ 130,474 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

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 2013

and 31 December 2012:

2013

2012

£

£

G R Borchard

Balance outstanding at start of year

67,224

52,628

Amounts advanced

37,477

34,596

Amounts repaid

(33,000

)

(20,000

)

Balance outstanding at end of year

71,701

67,224

A D Boddy

Balance outstanding at start of year

67,144

52,549

Amounts advanced

40,834

34,595

Amounts repaid

(33,000

)

(20,000

)

Balance outstanding at end of year

74,978

67,144

P J Gregg

Balance outstanding at start of year

67,160

52,564

Amounts advanced

40,636

34,596

Amounts repaid

(33,000

)

(20,000

)

Balance outstanding at end of year

74,796

67,160

M C Walters

Balance outstanding at start of year

528

528

Amounts repaid

-

-

Balance outstanding at end of year

528

528

Interest was charged on the loans to directors at the prevailing official rate until 5 April 2012. There

are no repayment terms.

7.	ULTIMATE CONTROLLING PARTY