T J Burley Limited - Limited company accounts 16.1
T J Burley Limited - Limited company accounts 16.1
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTOR AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| FOR |
| T J BURLEY LIMITED |
| T J BURLEY LIMITED (REGISTERED NUMBER: 07218345) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| T J BURLEY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| T J BURLEY LIMITED (REGISTERED NUMBER: 07218345) |
| REPORT OF THE DIRECTOR |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| The director presents his report with the financial statements of the company for the year ended 31 March 2016. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of plumbing. |
| DIRECTOR |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| T J BURLEY LIMITED (REGISTERED NUMBER: 07218345) |
| PROFIT AND LOSS ACCOUNT |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 19,467 | 6,215 |
| Other operating income |
| OPERATING PROFIT | 2 |
| Interest receivable and similar income |
| 21,058 | 7,734 |
| Interest payable and similar charges |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
| Tax on profit on ordinary activities | 3 |
| PROFIT FOR THE FINANCIAL YEAR |
| T J BURLEY LIMITED (REGISTERED NUMBER: 07218345) |
| BALANCE SHEET |
| 31 MARCH 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Profit and loss account | 12 |
| SHAREHOLDERS' FUNDS |
| 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. |
| T J BURLEY LIMITED (REGISTERED NUMBER: 07218345) |
| BALANCE SHEET - continued |
| 31 MARCH 2016 |
| The financial statements were approved by the director on |
| T J BURLEY LIMITED (REGISTERED NUMBER: 07218345) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 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 and services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date. |
| 2. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2016 | 2015 |
| £ | £ |
| Depreciation - owned assets |
| Director's remuneration |
| 3. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit on ordinary activities for the year was as follows: |
| 2016 | 2015 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Deferred tax | ( |
) | ( |
) |
| Tax on profit on ordinary activities |
| T J BURLEY LIMITED (REGISTERED NUMBER: 07218345) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 4. | DIVIDENDS |
| 2016 | 2015 |
| £ | £ |
| Ordinary shares of £1 each |
| Interim |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 6. | STOCKS |
| 2016 | 2015 |
| £ | £ |
| Stocks |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors & prepayments |
| Directors' current accounts |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| T J BURLEY LIMITED (REGISTERED NUMBER: 07218345) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 9. | OPERATING LEASE COMMITMENTS |
| The following operating lease payments are committed to be paid within one year: |
| 2016 | 2015 |
| £ | £ |
| Expiring: |
| Within one year |
| 10. | PROVISIONS FOR LIABILITIES |
| 2016 | 2015 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2015 |
| Utilised during year | ( |
) |
| Balance at 31 March 2016 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 12. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 April 2015 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 March 2016 |
| 13. | RELATED PARTY DISCLOSURES |
| During the year, dividends amounting to £6,450 (2015- £4,629 ) were paid to the director. |
| 14. | ULTIMATE CONTROLLING PARTY |
| T J Burley is the ultimate controlling party by virtue of his shareholding in the company. |