One Stop Builders Merchants Ltd,Ltd - Accounts

One Stop Builders Merchants Ltd,Ltd - Accounts

ONE STOP BUILDERS MERCHANTS LIMITED - Company Information

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2014-11-01 true false Private Limited Company 06452826 2015-10-31 06452826 2014-11-01 2015-10-31 06452826 2014-10-31 06452826 2013-11-01 2014-10-31 06452826 uk-bus:Director1 2014-11-01 2015-10-31 06452826 uk-gaap:PlantMachinery 2014-11-01 2015-10-31 06452826 uk-gaap:CommercialMotorVehicles 2014-11-01 2015-10-31 06452826 uk-gaap:FixturesFittings 2014-11-01 2015-10-31 06452826 uk-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP
One Stop Builders Merchants Ltd
For the year ended 31 October 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06452826
2
Contents Page
One Stop Builders Merchants Ltd
For the year ended 31 October 2015
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 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31
October 2015 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
14 April 2016
Dated:
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4
Abbreviated Balance Sheet
One Stop Builders Merchants Ltd
As at 31 October 2015
06452826
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
73,962
54,072
73,962
54,072
Current assets
Stocks
95,000
95,000
Debtors
52,479
59,595
Cash at bank and in hand
29,370
108,755
183,965
256,234
Creditors: amounts falling due within one year
(260,778)
(191,156)
(4,544)
(7,191)
Net current liabilities
Total assets less current liabilities
66,771
49,528
66,771
Net assets
49,528
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
66,769
49,526
66,771
49,528
Shareholders funds
For the year ended 31 October 2015 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: 14 April 2016
Mr Narinder Gill Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
One Stop Builders Merchants Ltd
For the year ended 31 October 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The director has, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. Thus the director has continued to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
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.
Tangible fixed assets
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
15% Reducing balance
Motor Vehicles
20% Reducing balance
Fixtures and Fittings
15% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
One Stop Builders Merchants Ltd
For the year ended 31 October 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
106,340
At 01 November 2014
32,000
Additions
At 31 October 2015
138,340
Depreciation
52,268
At 01 November 2014
12,110
Charge for year
64,378
At 31 October 2015
Net book values
At 31 October 2015
73,962
54,072
At 31 October 2014
3 Share capital
Authorised
100 Ordinary shares of £1.00 each
Allotted called up and fully paid
2015
2014
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
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