Building Materials Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02941035 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

BUILDING MATERIALS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Dray

SECRETARY:

Mrs J Dray

REGISTERED OFFICE:

52 Smithbrook Kilns

Cranleigh

Surrey

GU6 8JJ

REGISTERED NUMBER:

02941035 (England and Wales)

ACCOUNTANT:

Bernard Brace FCCA

52 Smithbrook Kilns

Cranleigh

Surrey

GU6 8JJ

FIXED ASSETS

Intangible assets

2

150,000

Tangible assets

3

71,288

71,648

221,288

221,648

CURRENT ASSETS

Debtors

1,408,275

1,011,425

Cash at bank and in hand

163,473

103,075

1,571,748

1,114,500

CREDITORS

Amounts falling due within one year

758,516

504,034

NET CURRENT ASSETS

813,232

610,466

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,034,520

832,114

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

1,033,520

831,114

SHAREHOLDERS' FUNDS

1,034,520

832,114

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 director acknowledges his 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 director on 31 August 2016 and were signed by:

D Dray - 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, 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% 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.

Goodwill

Goodwill is a valuation by the director and relates to the trading advantages obtained by the Company and would

be transferred to any potential buyer.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

150,000

NET BOOK VALUE

At 31 March 2016

150,000

At 31 March 2015

150,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

72,900

DEPRECIATION

At 1 April 2015

1,252

Charge for year

360

At 31 March 2016

1,612

NET BOOK VALUE

At 31 March 2016

71,288

At 31 March 2015

71,648

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,000

Ordinary

£1

1,000