Southeast Bi-Folding Doors Limited - Period Ending 2016-01-31

Registration number: 09378173

Southeast Bi-Folding Doors Limited

Unaudited Abbreviated Accounts

for the Period from 7 January 2015 to 31 January 2016

 

Burgess Accountancy Services
Accountant
46-47 The Strand
Walmer
Deal
Kent
CT14 7DX

Southeast Bi-Folding Doors Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Southeast Bi-Folding Doors Limited
for the Period Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Southeast Bi-Folding Doors Limited for the period ended 31 January 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Southeast Bi-Folding Doors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Southeast Bi-Folding Doors Limited. You consider that Southeast Bi-Folding Doors Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Southeast Bi-Folding Doors 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 accounts.

......................................

Burgess Accountancy Services
Accountant
46-47 The Strand
Walmer
Deal
Kent
CT14 7DX

16 September 2016

Page 1

Southeast Bi-Folding Doors Limited
(Registration number: 09378173)
Abbreviated Balance Sheet at 31 January 2016

		Note			31 January 2016 £
Fixed assets
Intangible fixed assets					9,000
Tangible fixed assets					4,000
					13,000
Current assets
Cash at bank and in hand					9,924
Creditors: Amounts falling due within one year					(24,542)
Net current liabilities					(14,618)
Net liabilities					(1,618)
Capital and reserves
Called up share capital		3			100
Profit and loss account					(1,718)
Shareholders' deficit					(1,618)

For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 16 September 2016

.........................................
Mr Robert Beckett
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Southeast Bi-Folding Doors Limited
Notes to the Abbreviated Accounts for the Period from 7 January 2015 to 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention..

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Staight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & machinery	20% Written down value

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Southeast Bi-Folding Doors Limited
Notes to the Abbreviated Accounts for the Period from 7 January 2015 to 31 January 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
Additions		10,000			5,000			15,000
At 31 January 2016		10,000			5,000			15,000
Depreciation
Charge for the period		1,000			1,000			2,000
At 31 January 2016		1,000			1,000			2,000
Net book value
At 31 January 2016		9,000			4,000			13,000

3	Share capital

Allotted, called up and fully paid shares

	31 January 2016
		No.			£
Ordinary of £1 each		100			100

Page 4