D OBrien Builders Ltd Small abbreviated accounts

D O'BRIEN BUILDERS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 06881106

D OBRIEN BUILDERS LTD

ABBREVIATED ACCOUNTS

31 May 2016

CULLEY LIFFORD HALL

Chartered Certified Accountants

CATHEDRAL HOUSE

5 BEACON STREET

LICHFIELD

STAFFS

WS13 7AA

D OBRIEN BUILDERS LTD

ACCOUNTANTS' REPORT TO THE DIRECTORS OF D OBRIEN

BUILDERS LTD

YEAR ENDED 31 MAY 2016

As described on the balance sheet, the directors of the company are responsible for the preparation of the abbreviated accounts for the year ended 31 May 2016.

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 abbreviated accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

CULLEY LIFFORD HALL Chartered Certified Accountants

CATHEDRAL HOUSE 5 BEACON STREET LICHFIELD STAFFS WS13 7AA

29 June 2016

D OBRIEN BUILDERS LTD

ABBREVIATED BALANCE SHEET

31 May 2016

	2016	2015
Note	£	£	£
FIXED ASSETS	2
Intangible assets		3,000	4,000
Tangible assets		1	1
		-------	-------
		3,001	4,001
		-------	-------

CURRENT ASSETS

Debtors	3,007		11,000
Cash at bank and in hand	22,922		45,184
	---------		---------
	25,929		56,184
CREDITORS: Amounts falling due within one year	8,556		39,879
	---------		---------
NET CURRENT ASSETS		17,373	16,305
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		20,374	20,306

CREDITORS: Amounts falling due after more than one year	19,853	17,749
	---------	---------
	521	2,557
	---------	---------

CAPITAL AND RESERVES

Called up equity share capital	3		10	10
Profit and loss account		511	2,547
		----	-------
SHAREHOLDERS' FUNDS		521	2,557
		----	-------

For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 29 June 2016 , and are signed on their behalf by:

Mr D O'Brien Director

Company Registration Number: 06881106

D OBRIEN BUILDERS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 MAY 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill-10 years

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-25% straight line

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs

The company operates a defined benefit pension scheme for employees. The assets of the scheme are held separately from those of the company. The contributions to the scheme are charged to the profit and loss account so as to spread the cost of pensions over the service lives of employees. Variations from the regular costs are spread over the average expected remaining working lives of current members in the scheme.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. FIXED ASSETS

Intangible Assets	Tangible Assets	Total
£	£	£

COST

At 1 June 2015 and 31 May 2016	10,000	2,939	12,939
	---------	-------	---------

DEPRECIATION

At 1 June 2015	6,000	2,938	8,938
Charge for year	1,000	–	1,000
	---------	-------	---------
At 31 May 2016	7,000	2,938	9,938
	---------	-------	---------

NET BOOK VALUE

At 31 May 2016	3,000	1	3,001
	-------	----	-------

At 31 May 2015	4,000	1	4,001
	-------	----	-------

3. SHARE CAPITAL

Allotted, called up and fully paid:

2016	2015
No.	£	No.	£
Ordinary shares of £ 1 each	10	10	10	10
	----	----	----	----