Slater & Mayes Drywall Solutions Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08940933 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

SLATER & MAYES DRYWALL SOLUTIONS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr G L Slater

Mr D Mayes

REGISTERED OFFICE:

86 Academy Drive

Gillingham

Kent

ME7 3EJ

REGISTERED NUMBER:

08940933 (England and Wales)

ACCOUNTANTS:

Stephen Hill Partnership Limited

139-141 Watling Street

Gillingham

Kent

ME7 2YY

FIXED ASSETS

Tangible assets

2

338

450

CURRENT ASSETS

Debtors

17,462

9,287

Cash at bank and in hand

5,275

4,782

22,737

14,069

CREDITORS

Amounts falling due within one year

22,639

11,060

NET CURRENT ASSETS

98

3,009

TOTAL ASSETS LESS CURRENT LIABILITIES

436

3,459

CAPITAL AND RESERVES

Called up share capital

3

4

2

Profit and loss account

432

3,457

SHAREHOLDERS' FUNDS

436

3,459

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 14 September 2016 and were signed on its behalf by:

Mr D Mayes - Director

Mr G L Slater - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and are in accordance with

applicable accounting standards.

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.

Plant and machinery

-

25% 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

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

606

DEPRECIATION

At 1 April 2015

156

Charge for year

112

At 31 March 2016

268

NET BOOK VALUE

At 31 March 2016

338

At 31 March 2015

450

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

4

Ordinary

£1

4

2

2 Ordinary shares of £1 were issued during the year for cash of £ 2 .