King Brothers (Eastbourne) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06779561

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

KING BROTHERS (EASTBOURNE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S King

A Poulton

Mrs E Poulton

Mrs E King

REGISTERED OFFICE:

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

REGISTERED NUMBER:

06779561

ACCOUNTANTS:

LMDB Accountants

Chartered Certified Accountants

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

FIXED ASSETS

Tangible assets

2

745,460

294,298

Investments

3

1,500

746,960

295,798

CURRENT ASSETS

Debtors

-

48,650

Cash at bank

289,284

46,521

289,284

95,171

CREDITORS

Amounts falling due within one year

572,541

73,620

NET CURRENT (LIABILITIES)/ASSETS

(283,257

)

21,551

TOTAL ASSETS LESS CURRENT
LIABILITIES

463,703

317,349

CREDITORS

Amounts falling due after more than
one year

(4,872

)

(13,139

)

PROVISIONS FOR LIABILITIES

(38,523

)

(19,410

)

NET ASSETS

420,308

284,800

CAPITAL AND RESERVES

Called up share capital

4

1,500

Profit and loss account

418,808

283,300

SHAREHOLDERS' FUNDS

420,308

284,800

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 30 June 2016 and were signed on its
behalf by:

S King - Director

A Poulton - 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 services, 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.

Land and buildings

-

not provided

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

311,997

Additions

486,242

At 31 December 2015

798,239

DEPRECIATION

At 1 January 2015

17,699

Charge for year

35,080

At 31 December 2015

52,779

NET BOOK VALUE

At 31 December 2015

745,460

At 31 December 2014

294,298

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

1,500

NET BOOK VALUE

At 31 December 2015

1,500

At 31 December 2014

1,500

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

King Brothers (Southern) Limited

Nature of business: Civil Engineers

%

Class of shares:

holding

Ordinary A,B,C,D and E

100.00

2015

2014

£

Aggregate capital and reserves

594,878

587,373

Profit for the year

207,505

305,578

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

750

Ordinary

£1

750

Ordinary A

£1

750

1,500