071 Developments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03447785 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

071 Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M W Hawes

Mrs E Hawes

REGISTERED OFFICE:

Caleston

Semley

Wiltshire

SP7 9AX

REGISTERED NUMBER:

03447785 (England and Wales)

FIXED ASSETS

Tangible assets

2

51,615

12,493

CURRENT ASSETS

Debtors

14,664

10,329

Cash at bank and in hand

621

10,163

15,285

20,492

CREDITORS

Amounts falling due within one year

33,492

16,405

NET CURRENT (LIABILITIES)/ASSETS

(18,207

)

4,087

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,408

16,580

CREDITORS

Amounts falling due after more than one
year

25,844

2,272

NET ASSETS

7,564

14,308

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

7,562

14,306

SHAREHOLDERS' FUNDS

7,564

14,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 10 August 2016 and were signed on its behalf by:

M W Hawes - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

at varying rates 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

40,055

Additions

45,843

At 31 March 2016

85,898

DEPRECIATION

At 1 April 2015

27,562

Charge for year

6,721

At 31 March 2016

34,283

NET BOOK VALUE

At 31 March 2016

51,615

At 31 March 2015

12,493

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

2