Best Estates Estate Agents Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08886518 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 29 February 2016

for

Best Estates Estate Agents Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A Tarry

Mrs N G Tarry

Mr M Piercy

REGISTERED OFFICE:

Lime Tree Farm

Badingham

Woodbridge

Suffolk

IP13 8LU

REGISTERED NUMBER:

08886518 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Tangible assets

2

21,680

12,864

CURRENT ASSETS

Debtors

2,975

30,263

Cash at bank and in hand

4,827

1,582

7,802

31,845

CREDITORS

Amounts falling due within one year

150,165

115,878

NET CURRENT LIABILITIES

(142,363

)

(84,033

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(120,683

)

(71,169

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(120,685

)

(71,171

)

SHAREHOLDERS' FUNDS

(120,683

)

(71,169

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 9 August 2016 and were signed on its
behalf by:

Mr A Tarry - Director

Mrs N G Tarry - 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 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.

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

17,153

Additions

16,043

At 29 February 2016

33,196

DEPRECIATION

At 1 March 2015

4,289

Charge for year

7,227

At 29 February 2016

11,516

NET BOOK VALUE

At 29 February 2016

21,680

At 28 February 2015

12,864

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2