Shortlands (Plastering & Drylining) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 03041035 (England and Wales)

SHORTLANDS (PLASTERING & DRYLINING)

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Accountants' Report

6

DIRECTORS:

M D Shortland

B I Mardell

SECRETARY:

M D Shortland

REGISTERED OFFICE:

Wiltron House

Rutherford Close

Stevenage

Hertfordshire

SG1 2EF

REGISTERED NUMBER:

03041035 (England and Wales)

ACCOUNTANTS:

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

FIXED ASSETS

Tangible assets

2

47,577

47,318

CURRENT ASSETS

Stocks

306,300

421,000

Debtors

694,802

469,155

Cash at bank and in hand

964,075

801,358

1,965,177

1,691,513

CREDITORS

Amounts falling due within one year

(1,373,210

)

(1,221,909

)

NET CURRENT ASSETS

591,967

469,604

TOTAL ASSETS LESS CURRENT LIABILITIES

639,544

516,922

CREDITORS

Amounts falling due after more than one year

-

(5,780

)

NET ASSETS

639,544

511,142

CAPITAL AND RESERVES

Called up share capital

3

125

125

Profit and loss account

639,419

511,017

SHAREHOLDERS' FUNDS

639,544

511,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 14th June 2016 and were signed on its behalf by:

B I Mardell - 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 invoice value, excluding value added tax, trade discounts and all other

taxes of sales made 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.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1st October 2014

134,408

Additions

16,249

Disposals

(8,724

)

At 30th September 2015

141,933

Depreciation

At 1st October 2014

87,090

Charge for year

15,117

Eliminated on disposal

(7,851

)

At 30th September 2015

94,356

Net book value

At 30th September 2015

47,577

At 30th September 2014

47,318

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary A

£1

100

100

25

Ordinary B

£1

25

25

125

125

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Shortlands (Plastering & Drylining) Limited for the year ended

30th September 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Shortlands (Plastering & Drylining) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shortlands (Plastering & Drylining) Limited and state those matters that we have agreed to state to the Board of Directors of Shortlands (Plastering & Drylining) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shortlands (Plastering & Drylining) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shortlands (Plastering & Drylining) Limited. You consider that Shortlands (Plastering & Drylining) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shortlands (Plastering & Drylining) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

17th June 2016