P & D Bond Kitchen Fitters Limited - Abbreviated accounts 16.1

P & D BOND KITCHEN FITTERS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29TH FEBRUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

P J Bond

D P Bond

P M Bond

REGISTERED OFFICE:

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

REGISTERED NUMBER:

07963867 (England and Wales)

ACCOUNTANTS:

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

FIXED ASSETS

Intangible assets

2

18,735

21,858

Tangible assets

3

28,374

7,273

47,109

29,131

CURRENT ASSETS

Debtors

10,320

-

Cash at bank

12,501

28,698

22,821

28,698

CREDITORS

Amounts falling due within one year

65,544

57,756

NET CURRENT LIABILITIES

(42,723

)

(29,058

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,386

73

PROVISIONS FOR LIABILITIES

4,102

-

NET ASSETS

284

73

CAPITAL AND RESERVES

Called up share capital

4

3

Profit and loss account

281

70

SHAREHOLDERS' FUNDS

284

73

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29th 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 16th August 2016 and were
signed on its behalf by:

P J Bond - Director

D P Bond - Director

P M Bond - 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 and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st March 2015

and 29th February 2016

31,226

AMORTISATION

At 1st March 2015

9,368

Amortisation for year

3,123

At 29th February 2016

12,491

NET BOOK VALUE

At 29th February 2016

18,735

At 28th February 2015

21,858

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st March 2015

16,752

Additions

32,956

Disposals

(3,670

)

At 29th February 2016

46,038

DEPRECIATION

At 1st March 2015

9,479

Charge for year

10,072

Eliminated on disposal

(1,887

)

At 29th February 2016

17,664

NET BOOK VALUE

At 29th February 2016

28,374

At 28th February 2015

7,273

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3

Ordinary

£1

3

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 five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 29th February 2016 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

Date: .............................................