Springboard Renovations Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08547855 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 June 2014 to 30 September 2015

for

Springboard Renovations Ltd

Previously known as

Springboard Construction Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K De Souza

D J Morris

REGISTERED OFFICE:

Prospect House 2 Athenaeum Road

Whetstone

London

N20 9AE

REGISTERED NUMBER:

08547855 (England and Wales)

FIXED ASSETS

Tangible assets

2

3,504

4,046

CURRENT ASSETS

Debtors

37

459

Cash at bank

8,120

608

8,157

1,067

CREDITORS

Amounts falling due within one year

27,375

15,017

NET CURRENT LIABILITIES

(19,218

)

(13,950

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,714

)

(9,904

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(15,716

)

(9,906

)

SHAREHOLDERS' FUNDS

(15,714

)

(9,904

)

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

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

K De Souza - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company has the continued financial support of its directors for the foreseeable future. For this

reason the accounts have been prepared on an ongoing basis.

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 invoiced sales of goods, 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 etc

-

33% on cost and 20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

5,518

Additions

1,163

At 30 September 2015

6,681

DEPRECIATION

At 1 June 2014

1,472

Charge for period

1,705

At 30 September 2015

3,177

NET BOOK VALUE

At 30 September 2015

3,504

At 31 May 2014

4,046

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2