Yorkshire Bathrooms and Kitchens Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05422380 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2015

for

Yorkshire Bathrooms and Kitchens Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G R Borchard

A D Boddy

P J Gregg

M C Walters

SECRETARY:

G R Borchard

REGISTERED OFFICE:

Boroughbridge Road

Ripon

North Yorkshire

HG4 1UE

REGISTERED NUMBER:

05422380 (England and Wales)

ACCOUNTANTS:

Bushells Chartered Accountants

6 Victoria Avenue

Harrogate

HG1 1ED

FIXED ASSETS

Intangible assets

2

8,336

8,927

Tangible assets

3

44,856

16,543

53,192

25,470

CURRENT ASSETS

Stocks

226,151

82,366

Debtors

693,147

694,972

Cash at bank

48,097

225,982

967,395

1,003,320

CREDITORS

Amounts falling due within one year

4

914,199

936,156

NET CURRENT ASSETS

53,196

67,164

TOTAL ASSETS LESS CURRENT LIABILITIES

106,388

92,634

CREDITORS

Amounts falling due after more than one year

4

(18,765

)

(48,376

)

PROVISIONS FOR LIABILITIES

(8,245

)

(2,506

)

NET ASSETS

79,378

41,752

CAPITAL AND RESERVES

Called up share capital

5

3

3

Profit and loss account

79,375

41,749

SHAREHOLDERS' FUNDS

79,378

41,752

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 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 27 July 2016 and were signed on its behalf by:

G R Borchard - Director

A D Boddy - Director

P J Gregg - 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 January 2015).

Turnover

Turnover represents net amounts receivable for goods supplied, excluding value added tax.

Domain names

Domain names are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets

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

Leasehold property improvement

-

5% on cost

Fixtures and equipment

-

10% on cost

Computer equipment

-

33% on 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.

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.

Employee benefit trust

During the year the Company made a contribution into the Yorkshire Bathrooms and Kitchens

Limited 2014 Employee Benefit Trust ("The Scheme") for the benefit of its officers, employees and

their wider families.

In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment

arrangements" the Company does not include the assets and liabilities of The Scheme on its balance

sheet to the extent that it considers it will not retain any economic benefit from the assets of The

Scheme and will not have control of the rights or other access to those present economic benefits.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

11,834

AMORTISATION

At 1 January 2015

2,907

Amortisation for year

591

At 31 December 2015

3,498

NET BOOK VALUE

At 31 December 2015

8,336

At 31 December 2014

8,927

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

44,832

Additions

44,864

Disposals

(1,083

)

At 31 December 2015

88,613

DEPRECIATION

At 1 January 2015

28,289

Charge for year

16,154

Eliminated on disposal

(686

)

At 31 December 2015

43,757

NET BOOK VALUE

At 31 December 2015

44,856

At 31 December 2014

16,543

4.

CREDITORS

Creditors include an amount of £ 49,333 (2014 - £ 89,704 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

3

Ordinary

£1

3

3

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2015

and 31 December 2014:

2015

2014

£

£

G R Borchard

Balance outstanding at start of year

110,650

71,701

Amounts advanced

95,584

57,909

Amounts repaid

(82,000

)

(18,960

)

Balance outstanding at end of year

124,234

110,650

A D Boddy

Balance outstanding at start of year

110,128

74,978

Amounts advanced

95,180

59,150

Amounts repaid

(82,000

)

(24,000

)

Balance outstanding at end of year

123,308

110,128

P J Gregg

Balance outstanding at start of year

110,241

74,796

Amounts advanced

96,729

59,445

Amounts repaid

(90,715

)

(24,000

)

Balance outstanding at end of year

116,255

110,241

No interest is charged on the loans to directors and there are no repayment terms.

7.	ULTIMATE CONTROLLING PARTY