Thorne Builders Limited - Abbreviated accounts 16.1

Thorne Builders Limited - Abbreviated accounts 16.1

THORNE BUILDERS LIMITED - Company Information

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REGISTERED NUMBER: 06710980 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

THORNE BUILDERS LIMITED

THORNE BUILDERS LIMITED (REGISTERED NUMBER: 06710980)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

THORNE BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTOR: S S Thorne





SECRETARY: Mrs D J Thorne





REGISTERED OFFICE: Lillybank
London Road
Battle
East Sussex
TN13 0LP





REGISTERED NUMBER: 06710980 (England and Wales)





ACCOUNTANTS: Barber & Company
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX
Page 1
THORNE BUILDERS LIMITED (REGISTERED NUMBER: 06710980)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 11,165 14,205

CURRENT ASSETS
Debtors 5,416 5,669
Cash at bank 109,090 72,551
114,506 78,220
CREDITORS
Amounts falling due within one year 29,162 34,602
NET CURRENT ASSETS 85,344 43,618
TOTAL ASSETS LESS CURRENT
LIABILITIES
96,509
57,823

PROVISIONS FOR LIABILITIES 2,233 2,841
NET ASSETS 94,276 54,982

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 94,176 54,882
SHAREHOLDERS' FUNDS 94,276 54,982

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 director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
THORNE BUILDERS LIMITED (REGISTERED NUMBER: 06710980)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 director on 13 April 2016 and were signed by:





S S Thorne - Director


The notes form part of these abbreviated accounts

Page 3
THORNE BUILDERS LIMITED (REGISTERED NUMBER: 06710980)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards. The particular
accounting policies adopted are described below.

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 January 2015).

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

Turnover represents net invoiced fees receivable, excluding value added tax.

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

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 35,843
Additions 682
At 31 December 2015 36,525
DEPRECIATION
At 1 January 2015 21,638
Charge for year 3,722
At 31 December 2015 25,360
NET BOOK VALUE
At 31 December 2015 11,165
At 31 December 2014 14,205

Page 4 continued...
THORNE BUILDERS LIMITED (REGISTERED NUMBER: 06710980)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
100 Ordinary shares £1 100 100

4. ULTIMATE CONTROL

Throughout the year, the company was under the control of Mr S S Thorne, its managing director and majority
shareholder.

Page 5