Humphreys Design & Build Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04593763 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Humphreys Design & Build Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs K J Humphreys

Mr P Humphreys

SECRETARY:

Ms C Fleetwood

REGISTERED OFFICE:

11 New Road

Bromsgrove

Worcestershire

B60 2JF

REGISTERED NUMBER:

04593763 (England and Wales)

ACCOUNTANTS:

Kenneth Morris Limited

11 New Road

Bromsgrove

Worcestershire

B60 2JF

FIXED ASSETS

Tangible assets

2

-

164

Investment property

3

430,000

430,164

CURRENT ASSETS

Debtors

3,052

5,414

Cash at bank

34,059

3,569

37,111

8,983

CREDITORS

Amounts falling due within one year

4

118,049

114,110

NET CURRENT LIABILITIES

(80,938

)

(105,127

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

349,062

325,037

CREDITORS

Amounts falling due after more than one
year

4

173,469

153,830

NET ASSETS

175,593

171,207

CAPITAL AND RESERVES

Called up share capital

5

100

Revaluation reserve

31,399

Profit and loss account

144,094

139,708

SHAREHOLDERS' FUNDS

175,593

171,207

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 28 July 2016 and were signed on its behalf by:

Mr P Humphreys - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents rental income and insurance recharges, net of vat.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only

on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the financial reporting Standard for Smaller Entities

(effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible

assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the

financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors

reflected in the annual valuation and the amount of this which might otherwise have been changed cannot be

separately identified or quantified.

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. Deferred tax is recognised in respect of all

timing differences that have originated but not reversed by the balance sheet date. Deferred tax assets are only

recognised where it is considered more likely than not that future profits will be available for offset. Deferred tax

is measured on a non-discounted basis at the average tax rates that would apply in the periods in which the timing

differences are expected to reverse, based on the tax rates and laws that have been enacted by the balance sheet

date.

Hire purchase and leasing commitments

The relevant annual rentals are charged to the profit and loss account on a straight line basis over the lease term,

unless they relate to vacant leasehold properties, in which case provision is made on a discounted basis for the

net obligation under the lease The unwinding of the discount is disclosed within interest payable and similar

charges.

Where no lease is in place, the rentals are charged to the profit and loss account as and when paid.

Rental income

Rental income arising from investment properties is accounted for on a straight line basis over the lease term.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

2,385

DEPRECIATION

At 1 December 2014

2,221

Charge for year

164

At 30 November 2015

2,385

NET BOOK VALUE

At 30 November 2015

-

At 30 November 2014

164

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 December 2014

and 30 November 2015

430,000

NET BOOK VALUE

At 30 November 2015

430,000

At 30 November 2014

430,000

4.

CREDITORS

Creditors include an amount of £ 189,979 (30.11.14 - £ 168,877 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

100

Ordinary

£1

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2015 and

30 November 2014:

30.11.15

30.11.14

£

Mr P Humphreys and Mrs K J Humphreys

Balance outstanding at start of year

(38,667

)

(36,685

)

Amounts advanced

37,646

8,128

Amounts repaid

(43,910

)

(10,110

)

Balance outstanding at end of year

(44,931

)

(38,667

)

The amounts shown in brackets are due to the directors. The loans are interest free and repayable on demand.

The above amounts represent the aggregate movements during the year rather than each individual transaction.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Humphreys Design & Build Limited for the year ended 30 November 2015 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Humphreys Design & Build Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Humphreys Design & Build Limited and state those matters that we have agreed to state to the Board of Directors of Humphreys Design & Build Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Humphreys Design & Build Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Humphreys Design & Build Limited. You consider that Humphreys Design & Build Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Humphreys Design & Build Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kenneth Morris Limited

11 New Road

Bromsgrove

Worcestershire

B60 2JF

28 July 2016