A_J_BUTLER_JOINERY_LIMITE - Accounts

A J BUTLER JOINERY LIMITED - Company Information

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Company Registration No. 05333359 (England and Wales)

A J BUTLER JOINERY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

A J BUTLER JOINERY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

A J BUTLER JOINERY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

12,257

1,361

Current assets

Debtors

11,718

11,239

Cash at bank and in hand

1,772

1,896

13,490

13,135

Creditors: amounts falling due within one year

(13,454)

(13,829)

Net current assets/(liabilities)

(694)

Total assets less current liabilities

12,293

667

Creditors: amounts falling due after more than one year

(9,119)

Provisions for liabilities

(2,451)

723

667

Capital and reserves

Called up share capital

100

Profit and loss account

622

567

Shareholders' funds

723

667

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 September 2016

Mr A J Butler

Director

Company Registration No. 05333359

A J BUTLER JOINERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company finances its operations by means of a bank overdraft facility. The directors are not aware of any reason why the overdraft facility will no be maintained at its current level. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for joinery and building refurbishment net of VAT.

1.4

Goodwill

Acquired goodwill has been written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% on reducing balance basis

Motor vehicles

25% on reducing balance basis

A J BUTLER JOINERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2015

15,000

6,382

21,382

Additions

13,591

Disposals

(4,700)

At 31 December 2015

15,000

15,273

30,273

Depreciation

At 1 January 2015

15,000

5,021

20,021

On disposals

(3,887)

Charge for the year

1,882

At 31 December 2015

15,000

3,016

18,016

Net book value

At 31 December 2015

12,257

At 31 December 2014

1,361

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £4,101 (2014 - £2,059).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £9,119 (2014 - £0).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

A J BUTLER JOINERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Related party relationships and transactions

Advances and credits to director

Advances and credits granted to the director during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A J Butler

10,835

34,991

35,207

10,619

10,835

34,991

35,207

10,619

The maximum overdrawn loan account balance in the year was £16,904.