Abbreviated Company Accounts - MOORSIDE JOINERY LIMITED

MOORSIDE JOINERY LIMITED - Company Information

07266960 MOORSIDE JOINERY LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 07266960 2015-06-01 2016-05-31 07266960 2016-05-31 07266960 2015-05-31 07266960 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 07266960 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 07266960

MOORSIDE JOINERY LIMITED

Abbreviated Accounts

31 May 2016

MOORSIDE JOINERY LIMITED Registered Number 07266960

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	9,139	11,740
		9,139	11,740
Current assets
Debtors		25,159	23,305
Cash at bank and in hand		9,563	11,779
		34,722	35,084
Creditors: amounts falling due within one year		(19,623)	(20,396)
Net current assets (liabilities)		15,099	14,688
Total assets less current liabilities		24,238	26,428
Provisions for liabilities		(1,828)	(2,348)
Total net assets (liabilities)		22,410	24,080
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		22,407	24,077
Shareholders' funds		22,410	24,080

For the year ending 31 May 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 directors acknowledge their 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 Board on 5 October 2016

And signed on their behalf by:
M J Boothman, Director

MOORSIDE JOINERY LIMITED Registered Number 07266960

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and also have been consistently applied within the same accounts.

These financial statements for the year ended 31 May 2016 are the first financial statements that comply with FRS102. The date of transition is 1 June 2014.

The transition to FRS 102 has resulted in no changes in accounting policies to those used previously.

The nature of any changes and their impact on opening equity and profit for the comparative period are explained in the notes.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The presentation currency is Sterling (£).

Turnover policy
Revenue described as turnover in the financial statements comprises the value of goods and services net of VAT provided to customers during the year.

Tangible assets depreciation policy
The cost of tangible property, plant and equipment include expenditure directly incurred in bringing the assets into working condition for their intended use. Depreciation is provided at the following annual rates in order to allocate the depreciable amount of each asset over its estimated useful life.

Website : 33% cost
Plant and machinery : 25% reducing balance
Fixtures and fittings : 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2015	31,956
Additions	396
Disposals	(333)
Revaluations	-
Transfers	-
At 31 May 2016	32,019
Depreciation
At 1 June 2015	20,216
Charge for the year	2,961
On disposals	(297)
At 31 May 2016	22,880
Net book values
At 31 May 2016	9,139
At 31 May 2015	11,740

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
3 Ordinary shares of £1 each	3	3