Lincs Drywall Limited - Abbreviated accounts 16.1

Lincs Drywall Limited - Abbreviated accounts 16.1

LINCS DRYWALL LIMITED - Company Information

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REGISTERED NUMBER: 05343071 (England and Wales)






















Abbreviated Accounts

for the Year Ended 31 January 2016

for

Lincs Drywall Limited

Lincs Drywall Limited (Registered number: 05343071)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Lincs Drywall Limited

Company Information
for the Year Ended 31 January 2016







DIRECTORS: K P Wilkes
J O Rainey
Mrs C A Wilkes





SECRETARY: Mrs C A Wilkes





REGISTERED OFFICE: 15 Newland
Lincoln
Lincolnshire
LN1 1XG





REGISTERED NUMBER: 05343071 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG
Page 1
Lincs Drywall Limited (Registered number: 05343071)

Abbreviated Balance Sheet
31 January 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,380 2,008

CURRENT ASSETS
Stocks 1,552 2,164
Debtors 2,375 6,653
Cash at bank 47,047 31,676
50,974 40,493
CREDITORS
Amounts falling due within one year 39,457 32,228
NET CURRENT ASSETS 11,517 8,265
TOTAL ASSETS LESS CURRENT
LIABILITIES
12,897
10,273

PROVISIONS FOR LIABILITIES 276 402
NET ASSETS 12,621 9,871

CAPITAL AND RESERVES
Called up share capital 3 1,000 1,000
Retained earnings 11,621 8,871
SHAREHOLDERS' FUNDS 12,621 9,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 October 2016 and were signed on its behalf
by:




K P Wilkes - Director



J O Rainey - Director


The notes form part of these abbreviated accounts

Page 2
Lincs Drywall Limited (Registered number: 05343071)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced services provided, 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 - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 13,420
DEPRECIATION
At 1 February 2015 11,412
Charge for year 628
At 31 January 2016 12,040
NET BOOK VALUE
At 31 January 2016 1,380
At 31 January 2015 2,008

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 3